Foreign investment capital into Vietnam reaches over $10 billion

Data from Foreign Investment Department under Ministry of Planning and Investment shows that, as of 20 Mar 2021, total FDI capital, including newly registered, adjusted and contributed capital, and purchased shares of foreign investors, reached 10.13 billion USD, up 18.5% YOY. This was a fairly strong increase, after declining during the first 2 consecutive  months.

Namely, the newly registered capital reached $7.2 billion, up 30.6% YOY; adjusted capital reached $2.1 billion, up 97.4% YOY. Meanwhile, the total value of investment through capital contribution and share purchase reached $908 million, down 58.5% YOY.

However, in fact, according to Foreign Investment Agency, the outbreak of COVID-19 in many countries and in Vietnam also affected travel as well as new investment and expansion of projects. Therefore, the number of new projects, capital adjustment as well as capital contribution and share purchase by foreign investors continued to decrease compared to the same period, but the decrease rate has improved.

Generally, in the first three months of 2021, FDI sector had a trade surplus of nearly $8.8 billion, including crude oil, with a trade surplus of nearly $8.4 billion excluding crude oil. Trade surplus of FDI sector offset the trade deficit of $nearly 6.7 billion of domestic business sector, helps the country with a trade surplus of about 2.1 billion USD.

According to Chinhphu.vn - Translated by Ngoc Huynh