Singapore becomes biggest investor in Vietnam during Jan-April
Singapore rose to become the biggest foreign investor in Vietnam in the first four months of 2020 with 5.07 billion USD, accounting for 41 percent of the total.
With 5.07 billion USD, Singapore becomes the biggest foreign investor in Vietnam in the first four months of 2020 - Illustrative image (Source: nhipcaudautu.vn)
Hanoi (VNA) – Singapore rose to become the biggest foreign investor in Vietnamin the first four months of 2020 with 5.07 billion USD, accounting for 41percent of the total.
It was followed by Thailandand Japan, with 1.46 billion USD and 1.16 billion USD, respectively, accordingthe Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Foreign investorspoured 12.33 billion USD in total into Vietnam during January-April, ayear-on-year decrease of 15.5 percent due to the impact of the COVID-19pandemic.
The period saw 984 newforeign-invested projects licensed with a total registered capital of 6.78billion USD, down 9.1 percent in term of number of projects but up 26.9 percentin value year-on-year.
Meanwhile, 335existing projects were allowed to raise their investments by more than 3.07billion USD, surging 45.6 percent over the same period last year.
According to theagency, FDI disbursement reached 5.15 billion USD in the four months orequivalent to 90.4 percent of the last year’s corresponding period.
Foreign investorspledged to pour capital in 18 sectors, in which manufacturing and processingtook the lead with nearly 6 billion USD, accounting for 48.4 percent of thetotal capital. It was followed by power production and distribution (3.9billion USD); wholesale and retail (776 million USD); and real estate (665million USD), the FIA said.
Among 54 localitiesreceiving FDI in the four-month period, the southern province of Bac Lieuranked top with 4 billion USD. Southern Ba Ria-Vung Tau province came next with1.9 billion USD and HCM City placed third with 1.31 billion USD, followed byHanoi capital city and Ha Nam and Binh Duong provinces./.
The capital city of Hanoi granted licences to 235 foreign-invested projects with total registered capital of 324 million USD in the first four months of this year.
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With 5.07 billion USD, Singapore becomes the biggest foreign investor in Vietnam in the first four months of 2020 - Illustrative image (Source: nhipcaudautu.vn) 
