Korean enterprises inject most investment capital into Vietnam

FATS enterprises' net revenue accounted for 96.9% of the total FDI enterprises, and their total export turnover of goods accounted for 98.9%. 

As of the end of 2020, the countries with the highest number of FATS (Foreign Direct Investment enterprises with more than 50% foreign investment) from foreign direct investors in Vietnam were: South Korea (5,663 enterprises), Japan (3,036 enterprises), China (2,585 enterprises), Taiwan (2,100 enterprises), ASEAN (1,883 enterprises), and EU countries (1,368 enterprises).

The largest source of capital belongs to South Korean enterprises ($71 billion), followed by ASEAN countries' enterprises ($70 billion), Japan ($59 billion), China ($32.9 billion), and EU countries' enterprises ($30.9 billion).

The FATS enterprises mostly come from multinational corporations with strong economic potential, resulting in stable production and business results. 

Their basic indicators, such as revenue, exports, and imports, showed an increase of 14-15.7% per year during the 2016-2020 period.

Moreover, the import and export of goods by FATS enterprises showed a higher growth rate than the overall economic growth rate. 

In 2020, FATS enterprises' export accounted for 74.8% of the country's total export, contributing to the trade surplus of $36.642 billion.

Despite the significant contribution of FATS enterprises to the Vietnamese economy, Vietnamese enterprises have not participated much in supporting industries due to low production capacity, especially in terms of quality. 

This poses both an opportunity and a challenge for Vietnamese enterprises to improve in the coming years.