FDI Inflow Reaches US$18.82 Bln in Seven Months

9:10:21 AM | 10/8/2020

Foreign investors spent US$18.82 billion to invest in fresh and existing projects and purchase equity in the first seven months of 2020, down 6.9% year on year, according to the Ministry of Planning and Investment.

Foreign investors invested in 18 industries, led by the processing and manufacturing industry which accounted for over US$8.96 billion or 47.6% of the total registered value. The power production and distribution sector ranked second with US$3.95 billion (21%), followed by the real estate sector with US$2.8 billion and the wholesaling and retailing sector with nearly US$1.1 billion.

As many as 104 countries and territories invested in Vietnam in this period. Singapore took the lead with US$6.44 billion, accounting for 34.1% of the total. South Korea ranked second with US$2.8 billion or 15% of the total, followed by China (US$1.7 billion), Japan, Thailand and Taiwan.

By locality, foreign investors invested in 59 provinces and cities. Bac Lieu province continued to lead the country with a US$4 billion project, accounting for 21.3% of the total. Hanoi was the second biggest recipient of registered capital of US$2.82 billion, followed by Ho Chi Minh City (nearly US$2.4 billion), Ba Ria - Vung Tau, Binh Duong and Hai Phong.

By Ha Thu, Vietnam Business Forum