Foreign investment falls 23.6 percent in first two months
Updated : 2/27/2020 3:49:44 PM (GMT+0700)

The inflow of foreign investment into Vietnamexperienced a year-on-year drop of 23.6 percent in the first twomonths of the year to 6.47 billion USD, according to a report from the Ministryof Industry and Trade’s Foreign Trade Agency.

The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6
percent in the first two months of the year to 6.47 billion USD - Photo: VNA

Disbursement of foreign capital declined 5 percent to 2.45billion USD in the period.

As many as 500 new projects received investment licenses,with total registered capital of 5 billion USD, doubling the amount recordedthe same time last year.

Singapore’s Delta Offshore Energy Pte Ltd Co was the largestinvestor with its liquefied natural gas-fired (LNG) power plant valued at 4billion USD in the Mekong Delta province of Bac Lieu.

There were 151 projects registering to adjust their capital.Total additional capital fell nearly 25 percent to 638.1 million USD.

Capital contributions and share purchases by foreigninvestors fell substantially by 84 percent to 827.3 million USD.

From January-February, most foreign capital was injected into18 sectors. Power production attracted the largest amount of investment with3.89 billion USD, followed by the processing and manufacturing sector (1.76billion USD), wholesale and retail sales (195 million USD), and technology andscience (180 million USD).

Up to 73 countries and territories have invested in Vietnamin the first two months of 2020. The largest investors included Singapore (4.12billion USD), China (720.4 million USD), and the Republic of Korea (425.4million USD).

Source: VNA

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