Vietnam’s investments abroad up 6.9% during Jan-Nov

Update: 22:42 | 30/11/2020

Vietnamese investors poured a total of US$490.4 million in projects abroad in the first 11 months of 2020, up 6.9% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Of the amount, US$316.4 million was invested in 114 new projects, and US$174 million was added to existing ones.

Vietnam’s investments, Jan-Nov, Vietnamese investors, year-on-year increase, new projects

Illustrative image.

Meanwhile, as of November 20, foreign investments poured into Vietnam totalled US$26.4 billion, down 16.9% year-on-year. Specifically, there were 2,313 new projects with total capital of US$13.6 billion, down 33.5% in the number of projects and 7.6% in capital year-on-year.

Foreign investors adjusted capital for 1,051 projects with an additional investment of US$6.3 billion, up 7.8%. They also contributed capital or purchased shares with a total capital of US$6.5 billion, down 41.8%.

FDI disbursement is estimated at US$17.2 billion during January-November, a year-on-year decrease of 2.4%.

During this period, Vietnam reported nearly 124,300 newly-established enterprises, down 1.9%.

The country’s index of industrial production (IIP) is estimated to rise by 3.1% from that of the same period last year, with manufacturing and processing up 4.7% and power production and distribution 3.2%.

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Source: NDO

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