Vietnam attracts US$15.67 billion in FDI in six months

Friday, 2020-06-26 16:43:07
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Workers at an electronic spare parts manufacturing company (Illustrative image. Photo: VNA)
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NDO – The total foreign direct investment (FDI) into Vietnam between the beginning of this year and June 20 reached US$15.67 billion, equivalent to 84.9% of the figure for same period last year, according to the Ministry of Planning and Investment.

There were 1,418 newly licenced projects during the Jan-June period, with registered capital of US$8.44 billion. There were 526 licenced projects from previous years registered as having adjusted their investment capital with additional capital of US$3.7 billion, up 26.8%.

During the six-month period, 4,125 foreign investors contributed capital and purchased shares with a total value of nearly US$3.51 billion, up 2.6%.

During the period, the processing and manufacturing industry witnessed the largest volume of newly licenced FDI projects, reaching US$8 billion, accounting for 51.1% of total newly registered capital. It was followed by the production and distribution of electricity, with US$3.95 billion, accounting for 25.2%; wholesale and retail (US$1.08 billion); and real estate (US$850 million).

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, followed by Thailand with US$1.58 billion (10.1%), China with US$1.58 million (10.1%) and then Japan, the Republic of Korea, and Taiwan (China).

Among the 57 localities receiving FDI in the six-month period, the southern province of Bac Lieu ranked top with US$4 billion. Ho Chi Minh City came next with over US$2 billion and Ba Ria - Vung Tau placed third with US$1.95 billion, followed by the capital Hanoi, Binh Duong province and Hai Phong city.