Vietnam's FDI reached nearly USD 16 billion in 6 months
|Despite COVID-19, nearly USD14 billion of FDI poured into Vietnam in first 5 months|
|FDI in Vietnam bounces back in May|
|Vietnam attracts large projects promoting FDI's results positive|
|During the six-month period, 4,125 foreign investors contributed capital and bought shares (Photo: VNA)|
During the January - June period, 1,418 new projects have been licensed, with registered capital of US$8.44 billion. 526 projects were licensed from previous years and registered as having adjusted their investment capital with additional capital of US$3.7 billion, up 26.8%, according to Nhan Dan.
During the six-month period, 4,125 foreign investors contributed capital and bought shares with a total value of nearly US$3.51 billion, up 2.6%.
|Workers at an electronic spare parts manufacturing company (Photo: VNA)|
By investment field, foreign investors have invested in 18 fields. Of which, the manufacturing and processing industry witnessed the largest volume of newly licensed FDI projects, reaching US$8 billion, accounting for 51.1% of total newly registered capital. The distribution and production of electricity ranked second with total investment capital of US$3.95 billion, accounting for 25.2% of total registered investment capital. This is followed by the wholesale and retail business with a total registered capital of US$1.08 billion and nearly US$850 million in real estate, CafeF reported.
Among the 98 countries and territories registering new projects in Vietnam in the first six months, Singapore was the largest investor, with US$5.44 billion, accounting for 34.7% of the total. Thailand ranked second with a total investment capital of US$1.58 billion, accounting for 10.1% of total investment capital. Followed is China with US$1.58 million, accounting for 10.1% of total investment capital. Next is Japan, Korea and Taiwan.
By investment area, foreign investors have invested in 57 provinces and cities. Among which, Bac Lieu leads with one major project with investment capital of USD 4 billion, accounting for 25.5 % of total registered capital. Ho Chi Minh City ranked second with over USD 2 billion. Ba Ria - Vung Tau ranked third with USD 1.95 billion. Next are Hanoi, Binh Duong province and Hai Phong city.
|Foreign investors have invested in 18 fields (Photo: Saigon Businessman)|
Notably, the export turnover of the foreign invested sector decreased both in value compared to the same period and the proportion of the country's export turnover. Export including crude oil reached USD 79.8 billion, equaling 93.3% over the same period, accounting for 65.9% of export turnover. Export excluding crude oil was USD 79 billion, equaling 93.6% as compared to the same period in 2019, accounting for 65.2% of national export turnover in the first 6 months of 2020.
Imports of foreign invested sector reached USD 65.6 billion, equaling 94.6% over the same period and accounting for 56% of import turnover of the whole country. Despite a decrease compared to the same period, in the first 6 months of 2020, the FDI sector still had a trade surplus of USD 14.2 billion including crude oil and a trade surplus of USD 13.4 billion excluding crude oil, informed People's Army Newspaper.
|Hanoi gets 36 investment offers worth US$ 26 billion |
Hanoi received 36 proposals for memorandums of understanding (MoU) for investment cooperation on June 23, which were estimated to be worth over US$ 26 billion.
|Techtronic Industries to pour a US$ 650 million investment in Vietnam |
On Tuesday, the Vietnamese government revealed that Techtronic Industries has planned to invest an additional US$650 million in Vietnam to produce cordless appliances.
|UK webinar highlighting post-pandemic investment opportunities in Vietnam |
On June 18, the Asia Scotland Institute from the United Kingdom held a webinar highlighting Vietnam’s achievements in COVID-19 combat as well as post-pandemic business ...