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Singapore and Japan have invested the most in Vietnam since the beginning of the year

Out of a total of 10.13 billion USD of FDI capital poured into Vietnam since the beginning of the year, Japanese and Singaporean investors contributed 6.7 billion USD. The energy sector is attracting the most capital.
According to statistics of the Foreign Investment Department (Ministry of Planning and Investment), in the first three months of the year, the total newly registered capital, adjusted capital and contributed capital to buy shares by foreign investors reached 10.13 billion USD, up 18.5% over the same period in 2020. Realized capital of foreign direct investment projects is estimated at 4.1 billion USD, up 6.5% over the same period in 2020.
As of March 20, the country has 33,294 valid projects with a total registered capital of 393.3 billion USD. The accumulated realized capital of foreign direct investment projects is estimated at 236.96 billion USD, equaling nearly 60% of the total valid registered investment capital.
There were 56 countries and territories investing in Vietnam in the first 3 months of the year. Singapore leads the way with a total investment of nearly 4.6 billion USD, accounting for nearly 45.6% of total investment capital in Vietnam; Japan ranked second with a total investment capital of nearly $2.1 billion, accounting for 20.8% of total investment capital, South Korea ranked third with a total registered investment capital of nearly $1.2 billion, accounting for 11.8 % total investment.
Foreign investors have invested in 17 sectors, in which the processing and manufacturing industry leads the way with a total investment of nearly 5 billion USD, accounting for 49.6% of the total registered investment capital. . The field of electricity production and distribution ranked second with a total investment of 3.9 billion USD, accounting for 38.9% of the total registered investment capital. Next are the fields of real estate business, professional science and technology activities with a total registered capital of 600 million USD and over 167 million USD. The rest are other areas.
According to the Foreign Investment Agency’s assessment, in the first three months of the year, foreign enterprises continued to recover and maintain good production and business activities after the impact of the Covid-19 pandemic. The average size of newly licensed projects and capital adjusted projects both increased sharply over the same period, increasing newly registered capital by 30.6% and adjusted capital by 97.4%.
In the first 3 months of the year, the transition between the Investment Law 2014 and the Investment Law 2020 affected the issuance/adjustment of foreign investment projects in Vietnam. In addition, the Covid-19 epidemic re-emerged in many countries and in Vietnam also affected the travel as well as new investment decisions and expansion of projects of investors. Therefore, the number of new projects, capital adjustment as well as capital contribution and share purchase by foreign investors continued to decrease over the same period, but the reduction level has improved.
Import and export of the foreign investment sector continued to increase in the first 3 months of the year. The investment sector had a trade surplus of nearly 8.8 billion USD, including crude oil, making up for the trade deficit of nearly 6.7 billion USD of the domestic business sector, helping the country to have a trade surplus of about 2.1 billion USD

.(From Zingnews source)

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