Legal News
FDI reaches $19.54 billion in 8 months

28 - 08 - 2020
VNS

Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Ha Noi. — Photo kinhtedothi.vn

Viet Nam attracted a total foreign direct investment (FDI) of US$19.54 billion by August 20, equaling 86.3 per cent compared to the same period last year.

Of which, 1,797 new projects were granted investment registration certificates, a year-on-year decrease of 25.3 per cent. The total registered capital reached $9.73 billion, a year-on-year fall of 6.6 per cent.

Regarding the adjusted capital, there were 718 projects registering to adjust investment capital, down 20.9 per cent. The total additional registered capital reached over $4.87 billion, up 22.2 per cent.

For capital contribution and share purchase, there were 4,804 capital contributions and share purchases by foreign investors, down 8.2 per cent.

The total value of capital contribution reached $4.93 billion, equaling 51.8 per cent over the same period last year.

The Foreign Investment Agency under the Ministry of Planning and Investment said that due to the impact of the COVID-19 pandemic, the export turnover of the foreign investment sector continued to decline.

Exports including crude oil reached $113.3 billion, equaling 95.5 per cent over the same period last year, accounting for 65.1 per cent of export turnover.

Exports excluding crude oil totalled $112.2 billion, equaling 95.7 per cent compared to the same period last year, accounting for 64.4 per cent of the country's export turnover in the eight months of the year.

Meanwhile, imports of the foreign investment sector reached nearly $90.8 billion, equaling 94.7 per cent over the same period and accounting for 55.6 per cent of import turnover of the country.

Despite a reduction compared to the same period last year, the foreign investment sector still saw a trade surplus of nearly $22.6 billion in the eight months including crude oil and $21.4 billion excluding crude oil.

This filled the domestic sector's trade deficit of $11.6 billion, helping the country earn a trade surplus of $10.9 billion.

In terms of the investment sector, foreign investors have invested in 18 fields, of which the processing and manufacturing sector ranked first with total investment capital of over $9.3 billion, accounting for 47.7 per cent of total registered investment capital.

Electricity production and distribution ranked second with total investment capital of over $4 billion, making up for 20.6 per cent of total registered investment capital.

Regarding investment partners, there are 106 countries and territories investing in Viet Nam.

Singapore tops the list with total investment capital of $6.54 billion, accounting for 33.5 per cent of total investment in the country.

South Korea ranked second with a total investment of $2.97 billion, equaling 15.2 per cent.

China ranked third with a total registered investment capital of $1.75 billion, accounting for nearly 9 per cent.

Foreign investors have invested in 59 provinces and cities nationwide. Bac Lieu Province leads with one big project with investment capital of $4 billion, accounting for 20.5 per cent.

The capital city of Ha Noi ranked second with a total registered capital of $2.86 billion, making up for nearly 14.6 per cent.

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