FDI inflows hit US$ 19.54 bln in past eight months

VGP – As of August 20, total amount of foreign investment inflows valued US$ 19.54 billion, equivalent to 86.3% of the same period last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

August 27, 2020 4:15 PM GMT+7

Specifically, the country granted licences to 1,797 new FDI projects with registered capital of US$9.73 billion, or a year-on-year increase of 6.6%.

Of these projects, the liquefied natural gas (LNG) power plan is the biggest foreign-invested project, capitalized at US$4 billion, accounting for 41.1% of the newly registered capital in the reviewed period.

Meanwhile, there were 718 projects registered to increase investment capital by US$ 4.87 billion, up 20.9% in number and up 22.2% in value.

In addition, the country saw 4,804 instances of capital contribution and share purchases by foreign investors with a total volume of US$4.93 billion, equaling to 51.8% against the same period last year.

Foreign investors have invested in 18 industries, in which processing and manufacturing accounted for the highest proportion, followed by electricity production and distribution, real estate, and retail sales.

Out of 106 countries and territories investing in Viet Nam, Singapore took the lead with US$ 6.54 billion by occupying 33.5% of the total investment, followed by the Republic of Korean with US$ 2.97 billion, China with US$ 1.75 billion, Japan, Thailand, and Chinese Taipei.

Among 59 FDI recipient destinations, Bac Lieu, Ha Noi and Ho Chi Minh City were in top three, with US$ 4 billion, US$ 2.86 billion, and US$ 2.62 billion, respectively./.

By Kim Anh