FDI Value Reaches US$28.53 Bln in 2020

10:43:13 AM | 1/12/2021

Foreign Direct Investment (FDI) registered in Vietnam hit US$28.53 billion in 2020 as of December 20, 2020, down 25% year on year, according to the Ministry of Planning and Investment. They disbursed US$19.98 billion of their registered value, down 2% year on year.

Foreign investors invested in 19 fields, led by the processing and manufacturing industry with US$13.6 billion (accounting for 47.7% of total registered investment capital), followed by the electricity production and distribution sector with over US$5.1 billion (18%), the real estate sector with US$4.2 billion and the wholesale and retail sector with US$1.6 billion.

As many as 112 countries and territories invested in Vietnam in 2020. Singapore took the lead with nearly US$9 billion (accounting for 31.5% of total investment capital). South Korea ranked second with over US$3.9 billion (13.8%). China ranked third with US$2.46 billion (8.6%), followed by Japan, Taiwan, and Hong Kong.

By new project number, South Korea ranked first with 609 projects, followed by China with 342 projects, Japan with 272 projects, and Hong Kong with 211 projects.

By Ha Thu, Vietnam Business Forum