FDI disbursement increases despite pandemic
Foreign direct investment (FDI) disbursement in Vietnam reached USD1.61 billion in January, up 6.8% on-year, according to the Foreign Investment Agency.
Vietnam attracted a total of USD2.1 billion in FDI in January, up 4.2% on-year. USD388 million of that sum came from 103 new foreign-invested projects, up 119.1% on-year in terms of project numbers but down 70.7% in value.
The remainder was sourced from capital increases in 71 existing projects and the purchase by foreign investors of stakes in 206 projects.
The country’s FDI disbursement was estimated at USD1.61 billion in January, representing an on-year rise of 6.8%.
Several major projects were approved for additional capital investment in January including JNTC’s project to produce electronic devices, Goertek’s project in Nghe An and Coca-Cola in Long An.
In January, 33 countries and territories invested in Vietnam. Singapore topped the list with USD666 million, accounting for 31.7% of the country’s total FDI investment, followed by South Korea with USD481 million, China with USD451 million. They were followed by Japan, Hong Kong and Taiwan.
The manufacturing and processing industry lured USD1.2 billion, followed by the property sector with USD472 million and the retail sector with USD52.5 million.
By the end of January, 34,642 FDI projects remained valid in Vietnam with a total investment of USD415.6 billion. FDI disbursement topped USD253.2 billion by month-end.
Vietnam attracted a total of USD2.1 billion in FDI in January, up 4.2% on-year. USD388 million of that sum came from 103 new foreign-invested projects, up 119.1% on-year in terms of project numbers but down 70.7% in value.
The remainder was sourced from capital increases in 71 existing projects and the purchase by foreign investors of stakes in 206 projects.
The country’s FDI disbursement was estimated at USD1.61 billion in January, representing an on-year rise of 6.8%.
Several major projects were approved for additional capital investment in January including JNTC’s project to produce electronic devices, Goertek’s project in Nghe An and Coca-Cola in Long An.
In January, 33 countries and territories invested in Vietnam. Singapore topped the list with USD666 million, accounting for 31.7% of the country’s total FDI investment, followed by South Korea with USD481 million, China with USD451 million. They were followed by Japan, Hong Kong and Taiwan.
The manufacturing and processing industry lured USD1.2 billion, followed by the property sector with USD472 million and the retail sector with USD52.5 million.
By the end of January, 34,642 FDI projects remained valid in Vietnam with a total investment of USD415.6 billion. FDI disbursement topped USD253.2 billion by month-end.
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