Vietnam attracts over US$28.5 billion of FDI in 2020

Foreign investors had poured US$28.53 billion into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year, according to the Ministry of Planning and Investment.

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The ministry reported that US$19.98 billion of the capital had been disbursed, down only 2% compared to the same time last year despite impact of COVID-19 pandemic.

Many FDI firms have recovered, maintained and expanded their production, the ministry said.

Notably, US$6.4 billion of FDI was injected into underway projects, up 10.6 percent compared to the same period of 2019.

Meanwhile, 2,523 new projects were licenced with combined capital totaling US$14.56 billion, a year-on-year decrease of 35 percent and 12.5 percent, respectively.

In the year, foreign investors focused on 19 sectors, led by processing-manufacturing with US$13.6 billion, accounting for 47.7 percent of the total.

Electricity production and distribution drew US$5.1 billion, while real estate attracted nearly US$4.2 billion and retail and wholesale US$1.6 billion.

In 2020, Vietnam saw the investment coming in from 112 countries and territories.