Thursday, December 3, 2020 8:01:06 AM - Markets closed
VN-INDEX 1,014.32 +5.45/+0.54%
HNX-INDEX 150.80 +1.86/+1.25%
UPCOM-INDEX 68.60 +0.79/+1.17%
Newly registered FDI rises by nearly 45 percent in Q1
vietnamplus.vn - 3/26/2020 12:26:43 PM
 (0 ratings. You must sign in to rate.)
Vietnam granted investment licenses to 758 new projects worth 5.5 billion USD in the first quarter of 2020, up nearly 45 percent from the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
 
The increase was attributed to the attraction of the 4-billion-USD liquefied natural gas project in the Mekong Delta province of Bac Lieu.
 
More than 230 existing projects registered to adjust their capital with an additional 1.07 billion USD in the January-March period, equivalent to 82 percent of the same period last year.
 
Meanwhile, the value of capital contributions and shares purchases by foreign investors reached almost 2 billion USD, equivalent to 34.4 percent of the same time in 2019.
 
Meanwhile, FDI disbursement was estimated at 3.85 billion USD, a year-on-year decline of 6.6 percent.
 
Foreign investors pumped capital into 18 sectors, of which the electricity generation and distribution took the lead with total pledged capital of over 4 billion USD, making up 47.5 percent of the total registered investment.
 
The processing and manufacturing sector ranked second with total investment of 2.72 billion USD, followed by the retail and real estate with respective sums of 682 million USD and 264 million USD.
 
Singapore topped the list of 87 countries and territories investing in Vietnam with 4.54 billion USD, accounting for 53.1 percent of the country’s FDI.
 
Japan came second with 846.7 million USD, followed by China with 815.6 million USD.
 
The Mekong Delta province of Bac Lieu was the most attractive among the 55 cities and provinces receiving FDI with 4 billion USD, or 46.8 percent of the total.
 
The southern economic hub of Ho Chi Minh City ranked second with total registered capital of 506.8 million USD, followed by the capital city of Hanoi, southern Binh Duong and Ba Ria-Vung Tau provinces./.
 
VNA
 
Read original article here
 
Newer News
01/12 FDI forecast to flow into supporting industries
18/11 Việt Nam needs solutions promoting sustainable seafood exports to the EU: experts
16/11 ASEAN Plus Three countries promote inter-bank cooperation
11/11 Innovation should be stepped up to achieve high economic growth: experts
04/11 Growth target of 6 percent for 2021 is feasible: legislator
22/10 Economic growth likely to hit 2.6-2.8%
06/10 Hanoi a bright spot in FDI attraction
02/10 Canada affirms strong trade ties with Vietnam
30/09 September CPI up 0.12 percent
23/09 EVFTA brings new impetus for Vietnam’s fishery exports
Older News
22/03 Pandemic has little impact on Việt Nam’s shrimp exports
18/03 Việt Nam’s garment exports down in two months
15/03 Fruit, vegetable export targets unlikely to be achieved in 2020
14/03 Việt Nam achieves trade surplus of almost $2b in two months
12/03 Tight co-ordination needed to ensure EVFTA benefits
23/02 Digital platforms improve competitiveness
22/02 Telecoms firms turning to digital content
20/02 Boosting structural reform and businesses’ competitiveness vital to grab CPTPP opportunities
13/02 VN’s GDP growth to reach 6.25 percent if COVID-19 outbreak is contained in Q1
08/02 VN acts to improve labour productivity
 
Newsletter Signup
Top Stories
Reference exchange rate continue going down
Reference exchange rate down 8 VND at week’s beginning
Reference exchange rate down 15 VND
Growth target of 6 percent for 2021 is feasible: legislator
VNM: Vinamilk plans to import 1,200 milch cows from US in 2021
Market Update
Last updated at 3:04:59 PM
VN-INDEX 1,014.32 +5.45/+0.54%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.