Foreign businesses pour US$28.5 bln into Vietnam in 2020

Despite the impact of the COVID-19 pandemic, Vietnam remains an attractive investment destination for foreign businesses.

About 2,523 new projects have been licensed with registered capital of US$14.6 billion, down 35% in the number of projects and 12.5% in registered capital.

As many as 1,140 operational projects have registered to increase their investment capital by US$6.4 billion, up 10.6%, while foreign investors purchased shares totaling US$7.5 billion, down 51.7%.

The GSO also announced that nearly US$20 billion worth of FDI has been disbursed so far this year, down 2% from the previous year.

Meanwhile, authorities have licensed 119 Vietnamese invested projects abroad capitalized at US$318 million. 33 operational projects have registered to up their investment capital by US$272 million. Overall, Vietnam’s newly and additionally licensed capital abroad totaled US$590 million, up 16.1% compared to 2019.