Attracting FDI in 2020 is still flourishing during the pandemic
In the context of the Covid-19 epidemic affecting all aspects of the economy, the world in general and Vietnam in particular have been constantly facing difficulties that caused a decline in foreign investment. However, in 2020, Vietnam still saw bright spots in attracting FDI investment.
According to the report of the Ministry of Planning and Investment, as of November 20, 2020, the total newly registered capital, adjusted and contributed capital, and purchased shares of foreign investors reached 26.43 billion USD, equivalent to 83.1% over the same period in 2019. The realized capital of direct foreign investment projects was estimated at 17.2 billion USD, equivalent to 97.6% over the same period in 2019. Among them, there were 2,313 new projects granted investment registration certificate, decreased by 33.5% over the same period in 2019, the total registered capital reached 13.6 billion USD, down 7.6% over the same period in 2019.
Regarding the adjusted capital, there were 1,051 projects registered to adjust investment capital, decreased by 16.3% over the same period, the total capital which is registered to increase reached over 6.3 billion USD, up 7.8% over the same period.
For capital contribution and share purchase, there were 5,812 times of capital contribution and share purchase by foreign investors, down 32.1% over the same period, the total value of capital contribution reached 6.5 billion USD, decreased by 41.8% compared to the same period. The structure of the value of capital contribution and share purchase in the total investment capital also decreased compared to the same period in 2019, from 35.4% in the first 11 months of 2019 to 24.7% in the first 11 months of 2020.
According to the Foreign Investment Department, the export turnover of the foreign-invested sector has risen again after falling consecutively for 10 months. Exports including crude oil reached nearly 181 billion USD, up 6.6% over the same period, accounting for 71.3% of export turnover. Exports excluding crude oil reached 179.5 billion USD, up 6.9% over the same period, accounting for 70.7% of the country's total export turnover. Imports of foreign-invested sector reached 148.9 billion USD, up 9.1% over the same period and accounting for 63.5% of import turnover of the country. Generally, the foreign-invested sector saw a trade surplus of 32.1 billion USD including crude oil and a trade surplus of 30.6 billion USD excluding crude oil, offset the trade deficit of 12.7 billion USD of the domestic sector, helping The country see an export surplus of 19.4 billion USD.
According to the investment fields, foreign investors invested in 19 fields, of which the processing and manufacturing sector ranked first with total investment capital of over 12.7 billion USD, accounting for 48, 2% of total registered investment capital. The field of electricity production and distribution ranked second with total investment capital of over 4.9 billion USD, accounting for 18.7% of total registered investment capital; followed by the real estate business, wholesale and retail with a total registered capital of nearly 3.8 billion USD and 1.5 billion USD.
According to investment partners, there were 109 countries and territories investing in Vietnam, of which Singapore took the lead with a total investment of nearly $ 8.1 billion, accounting for 30.6% of total investment in Vietnam. South Korea ranked second with a total investment of 3.7 billion USD, accounting for 14% of total investment capital. China ranked third with a total registered investment capital of 2.4 billion USD, accounting for 9.1% of total investment capital. Followed by Japan, Taiwan (China), Thailand...
According to investment areas, foreign investors invested in 60 provinces and cities nationwide; in which, Bac Lieu province continued to lead with 01 big project with investment capital of 4 billion USD, accounting for 15.1% of total registered investment capital; Ho Chi Minh City ranked second with a total registered capital of over 3.8 billion USD, accounting for 14.4% of total investment capital; Hanoi City ranked third with 3.2 billion USD, accounting for 12.2% of total investment capital; followed by Ba Ria - Vung Tau province, Binh Duong province, Hai Phong city,...
In the complicated situation of the Covid-19 epidemic in the world, Vietnam, thanks to good plan in controlling epidemic, Vietnam has attracted investors to move production from abroad to the city, contributing to promoting the increase in production, business, creating more jobs for workers, especially in the service industries, leather shoes, garment which are in great demand for labor recruitment...
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