FDI down nearly 21% in Q1
16:26 | 28/03/2020

VGP – Foreign investors poured nearly US$8.6 billion in Viet Nam from January 1 to March 20, down 20.9% compared to the same period last year, reported the General Statistics Office.

Foreign investors pours nearly US$8.6 billion in Viet Nam from January 1 to March 20, down 20.9% compared to the same period last year.

Of the figure, US$5.5 billion was newly registered investment capital in 758 new projects, up 44.8% from the same period last year while US$1.1 billion was additional capital to the existing projects, down 18%.

The total capital contributed and shares purchased by foreign investors during the review period dipped 65.6% to nearly US$2 billion.

Meanwhile, disbursed FDI volume was estimated at US$3.9 billion, 6.6% lower than the first quarter of 2019, of which US$2.8 billion was in manufacturing and processing industry, making up 73.7%.

Electricity, gas, steam and air conditioning production and distribution sectors took the lead in attracting foreign investment with US$4 billion, accounting for 72.3%, followed by manufacturing and processing industry with US$1.2 billion and other sectors US$346.7 million.

Singapore was the largest investor of Viet Nam in the first three months with more than US$4.2 billion, making up 76%. China and South Korea occupied the second and third positions with US$456 million and US$284 million, respectively.

In the reviewed period, Viet Nam invested US$22.9 million in 27 projects overseas and poured an additional capital of US$26.4 million in six exiting projects.

By Thuy Dung



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