Vietnam’s FDI grows 27% in first four months

(VOVWORLD) - Vietnam attracted 12.3 billion USD in foreign direct investment (FDI) in the first four months of 2020, according to the Ministry of Planning and Investment.

The four-month period saw more than 980 new foreign-invested projects licensed with a total registered capital of 6.8 billion USD, down 9% in number of projects but up 27% in value year-on-year. FDI disbursement reached 5 billion USD in that period.

Despite COVID-19 impacts, a trade surplus of 10 billion USD was recorded in Vietnam’s foreign-invested companies the last four months. Foreign investors focused on 18 sectors with the manufacturing and processing industry taking the lead.

Singapore topped the list of 93 countries and territories invested in Vietnam, followed by Thailand and Japan. 

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