Vietnam attracts over US$28.5 billion of FDI in 2020

Tuesday, 2020-12-29 12:08:57
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NDO/VNA – Foreign investors had poured US$28.53 billion into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year, according to the Ministry of Planning and Investment.

The ministry reported that US$19.98 billion of the capital had been disbursed, down only 2% compared to the same time last year despite impact of COVID-19 pandemic.

Many FDI firms have recovered, maintained and expanded their production, the ministry said.

Notably, US$6.4 billion of FDI was injected into underway projects, up 10.6 percent compared to the same period of 2019.

Meanwhile, 2,523 new projects were licenced with combined capital totaling US$14.56 billion, a year-on-year decrease of 35 percent and 12.5 percent, respectively.

In the year, foreign investors focused on 19 sectors, led by processing-manufacturing with US$13.6 billion, accounting for 47.7 percent of the total.

Electricity production and distribution drew US$5.1 billion, while real estate attracted nearly US$4.2 billion and retail and wholesale US$1.6 billion.

In 2020, Vietnam saw the investment coming in from 112 countries and territories.