Today: 12/04/2021 10:26:30 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

FDI pledges reach nearly US$20 billion in eight months

Vietnam attracted foreign direct investment (FDI) of US$19.54 billion in the first eight months of 2020, down 13.7% from the same period of 2019, according to the Ministry of Planning and Investment (MPI).

Disbursement during the period also declined by 5.1% to US$11.35 billion, as shown by data as of August 20.

There were nearly 1,800 new foreign-invested projects in the January-August period, with total capital pledges of US$9.73 billion, with the largest project being a natural gas in Bac Lieu Province worth US$4 billion.

FDI pledges, eight months, foreign direct investment, new foreign-invested projects, capital contributions, coronavirus pandemic

FDI disbursement was estimated at US$11.35 billion in the first eight months of 2020.

The past eight months also saw foreign investors pledge an additional US$4.87 billion to existing projects and another US$4.93 billion in capital contributions.

Due to the coronavirus pandemic, exports by the foreign sector, including crude oil exports, fell by 4.5% to US$113.3 billion, accounting for 65.1% of Vietnam’s export revenue.

Their imports also dropped by 5.3% to US$90.8 billion, meaning the sector recorded a trade surplus of over US$22 billion.

Manufacturing remained the most attractive to foreign investors, receiving US$9.3 billion, followed by power generation and distribution with US$4 billion and property trading with US$2.87 billion.

Singapore, the Republic of Korea and China were the three largest investors with respective capital pledges of US$6.54 billion, US$2.97 billion and US$1.75 billion.

With the natural gas project, Bac Lieu Province was the largest FDI recipient during the first eight months of 2020, followed by Hanoi and Ho Chi Minh City, which received US$2.86 billion and US$2.62 billion, respectively.

Vietnam lures US$6 billion FDI into industrial parks
Nearly US$6 billion in foreign direct investment was poured into Vietnam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI).
 
Industrial production value of Bac Giang’s FDI enterprises hit over 99 trillion VND in 6 months
(BGO) – According to the Department of Industry and Trade (DoIT) in Bac Giang province, the industrial production value (IPV) (actual) in the first six months of this year is estimated at 115 trillion VND (4.9 billion USD), up 10 percent comparing to the same period last year.         
 
Bac Giang’s FDI enterprises recover after Covid-19 pandemic
(BGO) – Due to the impact of Covid-19 pandemic, many foreign direct investment (FDI) enterprises in Bac Giang province have recently suspended or stopped the operation and business activities. For nearly one month when the pandemic is well controlled, the companies have regained the production and business as a good signal for the provincial economic growth.  
 
Hanoi licenses 235 new FDI projects from January-April
Hanoi licensed 235 new foreign-invested projects with a total registered capital of VD324 million in the first four months of 2020.
 
Vietnam attracts US$12.33 billion worth of FDI in four months
Foreign direct investment (FDI) flows into Vietnam reached US$12.33 billion in the first four months of 2020, equivalent to 84.5% of the value recorded in the same period last year, according to the Ministry of Planning and Investment.
 

Source: NDO

FDI pledges, eight months, foreign direct investment, new foreign-invested projects, capital contributions, coronavirus pandemic
 
New comment has just been added. Click here
Sort:NewBest News