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Writer's pictureHoài Đức Trần

FDI attraction in four months reached US $ 12.33 billion


According to a report of the Ministry of Planning and Investment, as of April 20, the total newly registered capital, adjusted and contributed capital to purchase shares of foreign investors (FDI) in the first four months of 2020 reached $ 12.33 billion, by 84.5% over the same period in 2019.


Although newly registered capital and adjusted capital increased over the same period, foreign investors' share purchase capital decreased sharply, reducing the total investment capital.


However, in terms of value, the registered capital in the first four months of 2020 still increased compared to the same period in 2016-2018 (up 52.3% compared to 2018, 16.4% compared to 2017 and 79%. compared to 2016). The decrease in four months is also less than in the first three months.


Of which, 984 new projects were granted Investment Registration Certificates (ICs), total registered capital reached US $ 6.78 billion, down 9.1% in the number of projects and up 26.9% in capital registered investment compared to the same period in 2019. The increase in investment capital is due to the new LNG project with a total investment capital of 4 billion USD, accounting for 4 billion USD in the first four months of the year and 59% of the total newly registered capital pushed the average project scale up over the same period, from USD 4.9 million in 2019 to USD 6.9 million in 2020.


Regarding adjusted capital, there were 335 times of projects registered to increase capital by more than 3.07 billion USD, up 45.6% over the same period in 2019. The adjusted capital increased sharply after a continuous decrease in the first three months of the year. 2020 due to the South Vietnam Petrochemical Complex Project in Ba Ria - Vung Tau adjusted to increase the investment capital by US $ 1,386 billion. However, the number of projects with capital adjustment in the first four months of the year still decreased by 5.2% over the same period.


For capital contribution and share purchase, there are 3,210 times of capital contribution and share purchase of foreign investors with a total value of nearly US $ 2.48 billion, an increase of nearly 33% of capital contribution, share purchase and equal to 34.7% compared to the same period in 2019.


Nearly 6 billion USD invested in processing and manufacturing industries

By investment field, foreign investors have invested in 18 sectors and fields, in which, processing and manufacturing industry leads with a total investment of nearly 6 billion USD, accounting for 48.4% of total capital registered investment. The field of electricity production and distribution ranked second with total investment capital of 3.9 billion USD, accounting for 31.9% of total registered investment capital. This is followed by the field of wholesale, retail and real estate business with a total registered capital of 776 million USD and 665 million USD.


Singapore takes the lead


According to investment partners, there are 93 countries and territories investing in Vietnam, of which Singapore leads with a total investment of more than US $ 5 billion, accounting for more than 41% of total investment in Vietnam. Thailand ranked second with total investment capital of 1.46 billion USD, accounting for 11.8% of total investment capital. Japan ranked third with a total registered investment capital of 1.16 billion USD, accounting for 9.4% of total investment capital. Next is China, Taiwan (China), Korea, ...


Considering the number of projects, Korea ranked first with 265 projects, China ranked second with 135 projects, Japan ranked third with 116 projects, Singapore ranked fourth with 81 projects. , ...


Bac Lieu attracts 4 billion USD project


By investment area, foreign investors have invested in 57 provinces and cities, in which Bac Lieu continues to lead thanks to a large project with an investment of 4 billion USD, accounting for 32.4% of total investment capital. registration. Ba Ria - Vung Tau ranked second with a total registered capital of 1.9 billion USD, accounting for 15.4% of total investment capital. Ho Chi Minh City ranked third with 1.31 billion USD, accounting for 10.6% of total investment capital. Next are Hanoi, Ha Nam, Binh Duong, ...


Considering the number of projects, Ho Chi Minh City leads with 369 projects, Hanoi ranks second with 223 projects, Bac Ninh ranks third with 65 projects, ...


As of April 20, 2020, foreign direct investment projects were estimated to disburse 5.15 billion USD, equaling 90.4% as compared to the same period in 2019.

Trade surplus 10.2 billion USD


Export turnover of the foreign invested sector increased again after a slight decrease in the first 3 months of 2020. Exports including crude oil reached 56.49 billion USD, up 1.5% over the same period in 2019, accounting for 70, 2% of export turnover. Export excluding crude oil was 55.75 billion USD, up 1.5% over the same period, accounting for 69.3% of export turnover.


Import of FDI sector was 46.32 billion USD, up 2.9% as compared to the same period in 2019 and accounting for 57.6% of import turnover.


Despite being affected by the Covid-19 epidemic, in the first four months of 2020, the FDI sector still had a trade surplus of US $ 10.2 billion including crude oil and a trade surplus of US $ 9.4 billion excluding crude oil, offset the trade deficit of 9.6 billion USD in the domestic sector, helping the country trade deficit of 983 million USD.

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