The Bac Lieu Wind Power Plant in the southern province of Bac Lieu (Photo: VNA) Hanoi (VNA) – Vietnamattracted 12.33 billion USD in foreign direct investment (FDI) in the firstfour months of 2020, a year-on-year decrease of 15.5 percent due to the impactof the COVID-19 pandemic, according the Ministry of Planning and Investment’sForeign Investment Agency (FIA).
The figure, however, was muchhigher than that of the same period of 2018 and 2017 with 5.8 billion USD and 9.2billion USD, respectively, the FIA said.
The four-month period saw 984new foreign-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.
Of them, the Bac LieuLNG-to-power project marked the first billion-dollar project in 2020 withinvestment capital of 4 billion USD, accounting for 59 percent of the totalregistered FDI.
Meanwhile, 335 existingprojects were allowed to raise their investments by more than 3.07 billion USD,surging 45.6 percent over the same period last year.
From January to April, foreigninvestors spent 2.48 billion USD buying shares or contributing capital toVietnamese firms, down 65.3 percent year-on-year.
According to the agency, FDIdisbursement reached 5.15 billion USD in the four months or equivalent to 90.4 percentof the last year’s corresponding period.
Foreign investors pledged topour capital in 18 sectors, in which manufacturing and processing took the leadwith nearly 6 billion USD, accounting for 48.4 percent of the total capital. Itwas followed by power production and distribution (3.9 billion USD); wholesaleand retail (776 million USD); and real estate (665 million USD), the FIA said.
Singapore was the country’slargest source of FDI as the committed volume accounted for 41 percent or 5.07billion USD. Thailand and Japan were the runners-up with 1.46 billion USDand 1.16 billion USD, respectively, followed by mainland China, Taiwan and theRepublic of Korea.
Among 54 localities receivingFDI in the four-month period, the southern province of Bac Lieu ranked top with4 billion USD. Southern Ba Ria-Vung Tau province came next with 1.9 billion USDand HCM City placed third with 1.31 billion USD, followed by Hanoi capital cityand Ha Nam and Binh Duong provinces.
Foreign-invested sector’sexports rose by 1.5 percent against last year to 55.75 billion USD, making up69.3 percent of the nation’s four-month export value. Meanwhile, the sector’simport value also picked up 3 percent to 46.32 billion USD, accounting for 58 percentof the nation’s import volume./.
The figure, however, was muchhigher than that of the same period of 2018 and 2017 with 5.8 billion USD and 9.2billion USD, respectively, the FIA said.
The four-month period saw 984new foreign-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.
Of them, the Bac LieuLNG-to-power project marked the first billion-dollar project in 2020 withinvestment capital of 4 billion USD, accounting for 59 percent of the totalregistered FDI.
Meanwhile, 335 existingprojects were allowed to raise their investments by more than 3.07 billion USD,surging 45.6 percent over the same period last year.
From January to April, foreigninvestors spent 2.48 billion USD buying shares or contributing capital toVietnamese firms, down 65.3 percent year-on-year.
According to the agency, FDIdisbursement reached 5.15 billion USD in the four months or equivalent to 90.4 percentof the last year’s corresponding period.
Foreign investors pledged topour capital in 18 sectors, in which manufacturing and processing took the leadwith nearly 6 billion USD, accounting for 48.4 percent of the total capital. Itwas followed by power production and distribution (3.9 billion USD); wholesaleand retail (776 million USD); and real estate (665 million USD), the FIA said.
Singapore was the country’slargest source of FDI as the committed volume accounted for 41 percent or 5.07billion USD. Thailand and Japan were the runners-up with 1.46 billion USDand 1.16 billion USD, respectively, followed by mainland China, Taiwan and theRepublic of Korea.
Among 54 localities receivingFDI in the four-month period, the southern province of Bac Lieu ranked top with4 billion USD. Southern Ba Ria-Vung Tau province came next with 1.9 billion USDand HCM City placed third with 1.31 billion USD, followed by Hanoi capital cityand Ha Nam and Binh Duong provinces.
Foreign-invested sector’sexports rose by 1.5 percent against last year to 55.75 billion USD, making up69.3 percent of the nation’s four-month export value. Meanwhile, the sector’simport value also picked up 3 percent to 46.32 billion USD, accounting for 58 percentof the nation’s import volume./.
VNA
