Home Economy

January FDI surges 179 percent

Jan 31st at 07:58
31-01-2020 07:58:54+07:00

January FDI surges 179 percent

Viet Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment.

 

The figure includes $4.5 billion funneled into 258 new FDI projects, up 454.1 percent and 14.2 percent, respectively, while the remainder came in the forms of additional FDI, capital contributions and share purchases by foreign investors.

Singapore was Viet Nam’s biggest foreign investor in the month with over $4.05 billion, representing 90.9 percent of the total FDI.

Last year, the Southeast Asian country ranked third with $4.5 billion, following the Republic of Korea in first place ($7.92 billion) and Hong Kong (China) in second ($7.87 billion).

Viet Nam welcomed about $38.02 billion in FDI in 2020, a 10-year high and a 7.2 percent increase on a yearly basis.

bizhub

MOST READ

NEWS SAME CATEGORY

Registered capital of new enterprises in January hits four-year high
ECONOMY Jan 30th at 09:48

Registered capital of new enterprises in January hits four-year high

Viet Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises...

CPI growth in January highest in seven years
ECONOMY Jan 30th at 07:59

CPI growth in January highest in seven years

Vietnam’s consumer price index (CPI) in January soars 1.23% against the previous month and 6.43% over January last year, the highest growth rate for January over...

ASEAN needs to rely on its own strengths to drive growth: Economists
ECONOMY Jan 28th at 11:00

ASEAN needs to rely on its own strengths to drive growth: Economists

With uncertainties and increasing rivalry among major powers in the world, ASEAN, especially Viet Nam, will need to rely on its own devices to drive growth this...

The local pie of retailing is both sweet and bitter
ECONOMY Jan 27th at 14:00

The local pie of retailing is both sweet and bitter

 As one of the most dynamic economies in the region, Viet Nam's retail market is attractive for many foreign investors, but it can also be challenging at the same...

Reforms to be growth driver in 2020
ECONOMY Jan 25th at 11:00

Reforms to be growth driver in 2020

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to...

EP’s Committee on International Trade gives greenlight to EVFTA
ECONOMY Jan 24th at 07:50

EP’s Committee on International Trade gives greenlight to EVFTA

With the consent of the trade committee, the European Parliament is set to vote on the trade deal and the investment protection agreement at its February session in...

Vietnam goes up on innovative economy index
ECONOMY Jan 24th at 07:46

Vietnam goes up on innovative economy index

Vietnam has moved up on the Bloomberg Innovation Index of the world’s 60 most innovative economies, but lags far behind Asian peers.

Twelve SOEs have losses in 2019: report
ECONOMY Jan 24th at 07:27

Twelve SOEs have losses in 2019: report

The Ministry of Finance has revealed that twelve of 136 wholly state-owned enterprises had posted losses of VND720 billion (US$30.9 million) in the first half of...

FDI inflow in Da Nang hits nearly $700m in 2019
ECONOMY Jan 24th at 07:24

FDI inflow in Da Nang hits nearly $700m in 2019

Foreign investors pumped nearly US$700 million into the central coastal city of Da Nang in 2019, according to the municipal Department of Planning and Investment.

EU-Vietnam free trade deal gets green light from trade committee
ECONOMY Jan 22nd at 15:48

EU-Vietnam free trade deal gets green light from trade committee

The European Parliament’s Committee on International Trade (INTA) on Tuesday backed the free trade and investment protection agreements between the European Union...

Read More

MOST READ

Back To Top