Business

January FDI surges 179 percent

Vietnam raked in 5.3 billion USD in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Investment and Planning.
January FDI surges 179 percent ảnh 1Illustrative image. (Source: VNA)

Hanoi (VNA) – Vietnam raked in 5.3 billion USD in foreign direct investment (FDI)in the first 20 days of 2020, a year-on-year surge of 179.5 percent, accordingto the Ministry of Investment and Planning.

The figureincludes 4.5 billion USD funneled into 258 new FDI projects, up 454.1 percent and 14.2 percent, respectively,while the remainder came in the forms ofadditional FDI, capital contributions and share purchases by foreign investors.

Singapore wasVietnam’s biggest foreign investor in the month with over 4.05 billionUSD, representing 90.9 percent of the total FDI.

Last year, theSoutheast Asian country ranked thirdwith 4.5 billion USD, following the Republic of Korea in the first place (7.92billion USD) and Hong Kong (China) in the second (7.87 billion USD).

Vietnamwelcomed about 38.02 billion USD in FDI in 2019, a 10-year high and a 7.2percent increase on a yearly basis./.
VNA
#FDI#foreign direct investment#January FDI#2020#Vietnam#Vietnam news#Vietnamplus#Vietnam News Agency
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