Automobile production of Toyota in Vinh Phuc. (Photo: VNA)Hanoi (VNA) - Vietnam had attracted a total of 26.43 billion USDin FDI this year as of November 20, equal to 83.1 percent of the figure in thesame period last year, according to a recent report from the Ministry ofPlanning and Investment.
The global economy has been battered by the coronavirus pandemic, the ministrynoted, while investors have been unable to travel due to restrictions.
During the period, 2,313 new projects were granted investment registrationcertificates, a year-on-year decline of 33.5 percent. Total registered capital stoodat 13.6 billion USD, down 7.6 percent.
Regarding additional capital, 1,051 projects registered to adjust their capital,down 16.3 percent year-on-year, while the total capital topped 6.3 billion USD,a year-on-year rise of 7.8 percent.
Some 6.5 billion USD was poured into 5,812 capital contribution and sharepurchase deals made by foreign investors, a fall of 41.8 percent.
Foreign investors channeled capital into 19 fields, with the largest amount, ofover 12.7 billion USD, going to manufacturing and processing. Power generationand distribution followed, with more than 4.9 billion USD from foreigninvestors, then real estate with nearly 3.8 billion USD and wholesale andretail sales with 1.5 billion USD.
FDI came from 109 countries and territories, of which Singapore took the lead withnearly 8.1 billion USD, accounting for 30.6 percent of the total. The Republicof Korea followed, with 3.7 billion USD, then China with 2.4 billion USD.
Foreign investors invested in 60 cities and provincesnationwide. The Mekong Delta’s Bac Lieu province led the way, with one mega projectworth 4 billion USD, accounting for 15.1 percent of total capital. HCM City andHanoi were second and third, with 3.8 billion USD and 3.2 billion USD, respectively,making up 14.4 percent and 12.2 percent of the total.
The ministry’s Foreign Investment Agency said exportrevenue of the foreign-invested sector had picked up after being pinned down forten months.
Excluding crude oil, the sector’s shipments totaled179.5 billion USD for the 11-month period, up 6.9 percent year-on-year andaccounting for 70.7 percent of the country’s total export revenue.
Foreign firms purchased 148.9 billion USD worth of products from abroad in theperiod, a yearly increase of 9.1 percent and making up 63.5 percent of total importrevenue./.
VNA
