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Vietnam's FDI attraction reaches over US$18.8 billion in the first 7 months

11:32 | 29/07/2020

According to the Ministry of Planning and Investment, as of July 20, the total foreign direct investment reached 18.82 billion USD, equaling 93.1% over the same period in 2019.

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vietnams fdi attraction reaches over us 188 billion in the first 7 months
FDI attraction in the first 7 months of 2020 reaches over US$18.8 billion. (Photo: VOV)

The Foreign Investment Agency under the Ministry of Planning and Investment said that 1,620 new projects have received investment registration certificates, with a total registered capital of USD 9.46 billion, informed Urban Economy

As of July 2020, Vietnam has attracted USD 3.15 billion of newly registered capital, adjusted and contributed capital to purchase shares of foreign investors, up 79.8% over the same period last year.

There are 202 new registered projects with a total capital of USD 1.02 billion, accounting for 32.6% of total investment capital in the month, up 2.8% compared to June 2020 and up to 19.1% compared to the same period in 2019. It is worth noting that there are many large-scale projects worth from USD 100 - 150 million. 

vietnams fdi attraction reaches over us 188 billion in the first 7 months
Vietnam has attracted USD 3.15 billion of newly registered capital (Photo: Da Nang News)

In the same period, there are 93 adjusted projects with total additional capital of nearly USD 999.2 million, accounting for 31.5% of total investment capital in the month and more than doubled compared to the same period in 2019.

The adjusted capital in the first 7 months of 2020 will increase due to the South Vietnam Petrochemical Complex project in Ba Ria - Vung Tau province, which will increase the investment capital by USD 1,386 billion and the West Lake urban center project adjusted to increase investment capital by USD 774 million. 

vietnams fdi attraction reaches over us 188 billion in the first 7 months
Processing and manufacturing industry is still the leading industry in FDI attraction with a total investment capital of over USD 8.96 billion (Photo: People's Army Newspaper)

For capital contribution, there are 4,459 times of capital contribution to buy shares of foreign investors, with a total value of capital contribution of USD 4.64 billion. The value of capital contribution to purchase shares in total investment capital also decreased significantly compared to the same period in 2019. 

Processing and manufacturing industry are still the leading industry in FDI attraction with a total investment capital of over USD 8.96 billion, accounting for 47.6% of the total registered investment capital. 

Power production and distribution ranked second with a total investment capital of USD 3.95 billion, accounting for 21% of total registered investment capital. 

Next are the real estate business, wholesale and retail with a total registered capital of USD 2.8 billion and nearly USD 1.1 billion, reported by Cafeland

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Candy Lee