July 30, 2020 | 19:20 (GMT+7)
USD 18.82 billion of FDI in seven months
As of July 20, the total newly-registered and additional capital, capital contributions and share purchases by foreign investors fell to 18.82 billion USD, a year-on-year decline of 6.9 percent, according to the Ministry of Planning and Investment.
Investment licenses were granted to 1,620 projects with registered capital totaling USD 9.46 billion.
More than 610 existing projects increased registered capital by over USD 4.7 billion, including over USD 1.38 billion from the Southern oil refinery complex project in Ba Ria - Vung Tau province and USD 774 million from the Tay Ho Tay urban center.
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RoK-invested ITM Semiconductor Vietnam in the Vietnam - Singapore Industrial Park, Bac Ninh province |
Meanwhile, the value of capital contributions and shares purchases by foreign investors reached USD 4.64 billion.
Overseas investors pumped capital into 18 sectors, mainly processing and manufacturing industries, electricity distribution and production, real estate, and wholesale and retail.
As many as 104 countries and territories have invested in Vietnam. Singapore topped the list with USD 6.44 billion, making up 34.1 percent of the total, followed by the Republic of Korea, China, Japan, Thailand, and Taiwan (China).
Bac Lieu remained the most attractive destination with one liquefied natural gas (LNG) power project worth USD 4 billion. Hanoi came second with USD 2.82 billion, followed by Ho Chi Minh City, Ba Ria - Vung Tau, Binh Duong, and Hai Phong.
Source: VNA