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Vietnam attracts more than US$26 bln in FDI in eleven months

December 01, 2020 | 21:35

As of November 20, the total foreign direct investment (FDI) into Vietnam reached US$26.4 billion, equivalent to 83.1% over the same period last year, according to a report released by the Ministry of Planning and Investment.

ten month fdi attraction of vietnam reaches over us 23 billion Ten-month FDI attraction of Vietnam reaches over US$23 billion
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Illustrative photo: Vietnamplus

There were 2,313 new FDI projects licensed with a total registered capital of US$ 13.6 billion, fall by 33.5% and 7.6% in project numbers and value respectively compared to the same period last year, Vietnamplus reported.

1,051 existing projects were allowed to raise the investment capital by more than US$ 6.3 billion in total, an increase of 7.8% year-on-year.

Regarding capital contribution and share purchases, there were 5,812 times of capital contribution and share purchase by foreign investors totaling US$6.5 billion, down 41.8% over the same period.

The capital was invested into 19 sectors, in which the manufacturing and processing industry took the lead after receiving over US$12.7 billion, or accounting for 48.2% of the total. It was followed by power production and distribution with over US$4.9 billion, or occupying 18.7% of the total, real estate with US$3.8 billion, and wholesale and retail with US$1.5 billion.

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Illustrative photo: Taichinhdoanhnghiep

There were 109 countries and territories investing in Vietnam in eleven months. Among them, Singapore took the lead with US$8.1 billion or 30.6 percent of the accumulative capital. It was followed by the Republic of Korea with US$3.7 billion (14 percent) and China with US$2.4 billion (9.1 percent).

Exports including crude oil reached almost US$181 billion, increasing 6.6% over the same period last year and accounting for 71.3% of the country’s export turnover. Import including crude oil was nearly US$148.9 billion, increasing 9.1% over the same period last year and accounting for 63.5% of the country's import turnover.

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