Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Saturday, April 1, 2023

US attracts most Vietnamese investment in three months

Updated: 08:20’ - 02/04/2020
Vietnam invested USD 49.3 million abroad in the first three months of 2020, with the US being the biggest recipient.

A transaction office of Vietcombank in Laos__Photo: Vietcombank

During the period, the country secured investment certificates for 27 projects worth USD 22.9 million, while six others were permitted to add USD 26.4 million.

Accommodation and food services attracted USD 14.7 million, accounting for 29.9 percent of the total investment by Vietnamese firms. They were followed by scientific and technological activities (USD 12 million, 24.4 percent) and processing - manufacturing (USD 9 million, 18.3 percent).

The US was the top recipient of Vietnamese capital in the first quarter with USD 20.1 million, or 40.8 percent of the total. Singapore ranked second with USD 12.8 million, accounting for 26 percent, and Cambodia stood third with USD 9.5 million, making up 19.3 percent.

Meanwhile, Vietnam granted investment licenses to 758 new projects worth USD 5.5 billion between January and March, up nearly 45 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

More than 230 existing projects registered to adjust their capital with an additional USD 1.07 billion in the January-March period, equivalent to 82 percent of the same period last year.

Meanwhile, the value of capital contributions and shares purchased by foreign investors in the country reached almost USD 2 billion, equivalent to 34.4 percent of the same time in 2019.- (VNA/VLLF)


Send Us Your Comments:

See also:


Vietnam Law & Legal Forum