Vietnam’s FDI inflows in first three months

Thứ Ba, 27/4/2021| 9:12

Vietnam’s foreign invested enterprises continued to recover from the Covid-19 pandemic and maintain good business operations in the first quarter of 2021- Foreign Investment Agency (FIA) reported.

 

As of March 20, the total newly registered, adjusted and contributed capital of foreign investors reached 10.13 billion USD, according to a FIA’s report. This figure increases by 18.5% over the same period in 2020, after decreasing continuously in the first 2 months of this year. The average size of newly licensed projects and capital adjusted ones increased sharply over the same period. The disbursement of capital for FDI projects in the first three months of the year was estimated at 4.1 billion USD, up 6.5% over the same period.

Vietnam’s FDI inflows in first three months of 2021

Vietnam’s FDI inflows in the first 3 months by partners. Source: FIA

56 countries and territories invested in Vietnam in the first three months of 2021. Singapore took the lead among them with a total investment of nearly 4.6 billion USD, accounting for nearly 45.6% of total investment in Vietnam. Japan ranked second with a total investment of nearly 2.1 billion USD. South Korea ranked third, followed by China, Hong Kong and the United States.

Some prominent projects in the first quarter of 2021 can be mentioned as LNG Long An I and II Power Plant Project in Long An Province with a total registered capital of over 3.1 billion USD, O Mon II Thermal Power Plant Project with a total registered capital of over 1.31 billion USD in Can Tho city. Korea’s LG Display Hai Phong Project adjusted to increase investment capital by 750 million USD. Project of Radian tire manufacturing in Tay Ninh Province adjusted to increase investment capital by more than 312 million USD. Singapore’s Fukang Technolog Factory Project in Bac Giang has a total registered investment capital of 293 million USD.

By Viet Tai

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