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FDI in 9 months reached 21.2 billion USD, Singapore continued to lead, but what is the truth behind?
Date: 9/28/2020 9:18:32 AM
FDI in 9 months reached 21.2 billion USD, Singapore continued to lead, but what is the truth behind? According to the report of the Foreign Investment Department (Ministry of Planning and Investment), as of September 20, 2020, the total newly registered capital, adjusted and contributed capital to buy shares of foreign investors (FDI) reached 21.2 billion USD, equivalent to 81.1% over the same period in 2019.

 FDI in 9 months reached 21.2 billion USD, Singapore continued to lead, but what is the truth behind?

In the first nine months of this year, not only registered FDI decreased, but actually disbursed FDI also decreased. The amount of FDI disbursement reached 13.76 billion USD, equivalent to 96.8% over the same period in 2019.

In which, 1,947 new projects were granted certificates of investment registration, 5,172 projects of capital contribution, share purchase and 798 projects registered to buy more. 

By sector, the processing and manufacturing industry ranked first in terms of investment capital with 9.9 billion USD, equivalent to 46.7% of total investment capital in Vietnam. The second is the production and distribution of electricity, gas and water with over 4.3 billion USD, equivalent to 20.3% of total investment capital. Third is real estate with about 3.2 billion USD, equivalent to 15.1% of total investment capital. Wholesale and retail ranked fourth with 1.3 billion USD, equivalent to 6.1% of total investment capital. The rest are other fields.

In terms of countries and territories, there are 111 countries and territories investing in Vietnam. Singapore leads with total investment capital of 6.77 billion USD, equivalent to 32% of total investment capital in Vietnam; South Korea ranked second with total investment capital of 3.17 billion USD, equivalent to 15% of total investment capital. China ranked third with a total registered investment capital of 1.87 billion USD, accounting for 8.8% of total investment capital. 


Singapore continues to be the number one investor. However, according to Mr. Ken Atkinson, Founder, Senior Consultant, Grant Thornton Vietnam, most of the investments are not in fact Singapore, but from US businesses make investments through intermediaries or through organizations they establish in Singapore.

"I do not remember the specific number, but according to AmCham, the majority of investment from Singapore is from the US" - Mr. Ken said.

According to the Foreign Investment Agency, although FDI inflows into Vietnam decreased over the same period, in the context of a sharp decline in global investment due to the impact of the epidemic, this investment attraction result is still good. than many other countries.

(Source:Nhịp sống kinh tế)
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