Vietnam attracts US$23.48 billion in FDI in ten months

Update: 08:49 | 28/10/2020

Vietnam attracted US$23.48 billion worth of foreign direct investment (FDI) in the first ten months of 2020, equivalent to 80.6% of the same period in 2019, according to the Ministry of Planning and Investment.

The FDI capital includes newly registered capital, supplemented capital, share purchasing and the capital contributions of foreign investors during the ten-month period.

In the January-October period, a total of US$15.8 billion worth of FDI was disbursed, equivalent to 97.5% of the corresponding period in 2019.

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Investors pour investment in 18 areas with 45.7% of the capital invested in the manufacturing sector.

About 2,100 new FDI projects were licensed during the period with a total registered capital of US$11.66 billion, down 32.1% and 9.1% in terms of the number of projects and volume of capital during the same period last year.

As many as 109 countries and territories invested in Vietnam with Singapore being the leading investor, having poured US$7.51 billion into Vietnam, accounting for 31.9% of total FDI capital in Vietnam.

The Republic of Korea was the runner-up with US$3.42 billion, accounting for 14.6% of the total FDI capital in Vietnam while China came in third.

Investors injected finance into 18 areas with 45.7% of total capital invested in the manufacturing sector.

Ho Chi Minh City attracted the largest number of projects with 776, followed by Hanoi with 438 projects and Bac Ninh with 125 projects.

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Source: NDO

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