Connect with us

What are you looking for?

ECONOMY

Foreign investment drops in 10 months

The 20 per cent drop in total foreign investment capital in Vietnam in the first 10 months to $23.48 billion is still considered a positive result in the context of the COVID-19 pandemic.

According to statistics published by the Ministry of Planning and Investment, as of October 20, total newly-registered and added capital, as well as capital contributions and share purchases by foreign investors was $23.48 billion, equalling 80.6 per cent compared to the same period in 2019. $15.8 billion of this was disbursed, down 2.5 per cent on-year.

Notably, the whole country had $11.66 billion in newly-registered capital, down 9.1 per cent against the same period in 2018.

Besides, capital adjustment reached $5.71 billion, up 4.4 per cent on-year.

Regarding capital contributions and share purchases, in the first 10 months of 2020, the entire country saw 5,451 such transactions by foreign investors. The total value of capital contributions was $6.11 billion, down 43.5 per cent compared to the same period in 2019.

18 fields received investments from foreign investors, who mostly focused on the processing and manufacturing sector with the total capital of $10.7 billion, accounting for 45.7 per cent of the total registered investment capital. The power distribution and production ranked second with $4.8 billion (10.6 per cent).

109 countries and territories have investment projects in Vietnam at the moment. Singapore ranked first with the total investment capital of $7.51 billion, making up 31.9 per cent of the total investment capital. Korea ranked second with $3.42 billion, accounting for 14.6 per cent.

VIR

CORPORATE

Taiwanese electronics contract manufacturer Foxconn is hiring 1,000 workers in the northern provinces of Bac Giang and Bac Ninh. Its job announcement said they...

ECONOMY

As many as 126 foreign projects were granted investment licenses with total registered capital of $3.31 billion, a year-on-year fall of 33.9 percent. Meanwhile,...

ECONOMY

Several localities have reported demand for thousands of workers as manufacturers seek to scale up production. In some industrial parks in the southern provinces...

Scroll Up