FDI Value Reaches US$21.2 Bln in Nine Months 2020

2:01:07 PM | 5/10/2020

Foreign direct investment (FDI) reached US$21.2 billion in the first nine months of 2020, down 18.9% year on year, and disbursed FDI value was US$13.76 billion, down 3.2%, according to the Ministry of Planning and Investment.

Foreign investors invested US$10.36 billion in 1,947 new projects from January to September, down 5.6% in value and 29.6% in projects from a year-ago period.

They registered to add US$5.11 billion to 798 projects in the nine-month period, up 6.8% in value but down 23% in projects year on year. Notably, the Southern Vietnam Petrochemical Complex Project in Ba Ria - Vung Tau province and West West Lake Urban Center added US$1.39 billion and US$774 million.

Foreign investors invested in 18 fields, led by the processing and manufacturing sector with nearly US$9.9 billion (accounting for 46.6%), followed by the electricity production and distribution sector with US$4.3 billion (20.6%), the real estate sector with nearly US$3.2 billion and US$1.3 billion.

Investors from 111 countries and territories invested in Vietnam, led by Singapore with US$6.77 billion (32%), followed by South Korea with US$3.17 billion (15%) and China with US$1.87 billion (8.8%). Japan, Thailand and Taiwan were also major investors.

By Ha Vu, Vietnam Business Forum