Vietnam attracts 12.33 billion USD in FDI in four months

Vietnam attracted 12.33 billion USD in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic, according the Ministry of Planning and Investment’s Foreign Investment Agency.

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The figure, however, was much higher than that of the same period of 2018 and 2017 with 5.8 billion USD and 9.2 billion USD, respectively, the agency said.

Foreign investors pledged to pour capital in 18 sectors, in which manufacturing and processing took the lead with nearly 6 billion USD, accounting for 48.4 percent of the total capital.

Singapore was the country’s largest source of FDI as the committed volume accounted for 41 percent or 5.07 billion USD. Thailand and Japan were the runners-up with 1.46 billion USD and 1.16 billion USD, respectively, followed by mainland China, Taiwan and the Republic of Korea.

Among 54 localities receiving FDI in the four-month period, the southern province of Bac Lieu ranked top with 4 billion USD. Southern Ba Ria-Vung Tau province came next with 1.9 billion USD and HCM City placed third with 1.31 billion USD, followed by Hanoi capital city and Ha Nam and Binh Duong provinces./.

VNA