FDI inflows near US$23.5 bln in first ten months
15:09 | 28/10/2020

VGP – As of October 20, foreign direct investment inflows to Viet Nam stood at US$23.48 billion, equal to 80.6% of the same period last year, according to the Ministry of Planning and Investment.  

Specifically, Viet Nam licensed 2,100 new FDI projects with total registered capital of US$11.66 billion, down 32.1% and down 9.1% in terms of the number of projects and the volume of capital, respectively. More than 900 other projects increased investment capital by US$5.71 billion, up 4.4%. 

During the reviewed period, the country saw 5,451 capital contribution transactions by foreign investors, valued at US$6.11 billion, down 43.5%. 

The southern province of Bac Lieu took the lead among 59 localities receiving FDI capital with US$4 billion, accounting for 17%. It was followed by Ho Chi Minh City with US$3.4 billion and the capital city of Ha Noi with US$3.13 billion, making up 14.6% and 13.3%, respectively. 

The FDI sector enjoyed the trade surplus of US$30.4 billion (including crude oil). 

Singapore was the largest investor among 109 countries and territories investing in Viet Nam, having poured US$7.51 billion into the nation, accounting for 31.9%.

The Republic of Korea was the runner-up with US$3.42 billion, accounting for 14.6% while China came in third.

The Ministry reported that Vietnamese firms poured US$101.8 million in Australia, making Australia the largest recipient of Viet Nam's overseas investment in 10 months.

By Thuy Dung 

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