Singapore remains biggest investor in Vietnam during Jan-May

Khanh Minh Friday | 05/29/2020 12:00

Five-month FDI falls 17% to $13.9 billion.

Singapore retained its position as the biggest foreign investor in Vietnam in the first five months of 2020 with $4.3 billion, accounting for 58 percent of the total foreign FDI flow.

It was followed by Taiwan and China, with $743 million and $694 million, accounting for 10% and 9.3% of total investment respectively, according data from the General Statistics Office.

Foreign investors disbursed $6.7 billion in Vietnam market during the January-May period, a year-on-year decrease of 8.2 percent due to the impact of the COVID-19 pandemic.

Of the investment, the processing and manufacturing industry received $4.9 billion, accounting for 73.6% of total investment capital. Real estate sector received $721 million, accounting for 10.8%.

Total foreign investment as of May 20, 2020 including newly registered capital, adjusted registered capital and capital contribution in the period is $13.9 billion, down 17% from a year ago.

The period saw 1,212 new foreign-invested projects licensed with a total registered capital of $7.4 billion, down 11.1 percent in term of number of projects but up 15.2 percent in value year-on-year.

Meanwhile, 436 existing projects were allowed to raise their investments by more than $3.5 billion, up 31.4 percent over the same period last year.

There were 3,528 times of capital contribution and share purchase by foreign investors with a total value of capital contribution of nearly $3 billion, down 60.9%.

► Vietnam suffers FDI drop of 8.2% to $6.7 billion in Jan.-May period