Foreign investment in Vietnam down 15.1 pct in H1

0 Comment(s)Print E-mail Xinhua, June 29, 2020
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HANOI, June 29 (Xinhua) -- Vietnam attracted foreign investment of nearly 15.7 billion U.S. dollars in the first half of this year, down 15.1 percent year-on-year, according to its Foreign Investment Agency on Monday.

Specifically, Vietnam licensed 1,418 foreign direct investment (FDI) projects with total registered capital of 8.5 billion U.S. dollars, and saw 526 operational FDI projects raise their capital by 3.7 billion U.S. dollars, according to the agency.

Between January and June, foreign investors also spent 3.5 billion U.S. dollars buying shares or contributing capital to Vietnamese firms, down 56.8 percent year-on-year.

Among the 8.65 billion U.S. dollars of FDI, 70.8 percent were poured into the processing and manufacturing sector, 15.5 percent into the real estate sector, and 7.3 percent into the electricity, gas, hot water, steam and air-conditioner production and distribution sector, according to the agency.

Among 61 countries and regions which had investment projects licensed in Vietnam in the first half of this year, Singapore was Vietnam's largest source of foreign investment with 4.3 billion U.S. dollars, or 51.3 percent of total investment, followed by China with 950.1 million U.S. dollars. Enditem

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