Foreign investment inflows dip nearly 15% in first 4 months Total foreign investment inflows recorded a year-on-year decrease of 14.5% to US$12.33 billion as of April 20, according to the Ministry of Planning and Investment. The figure, however, was higher than that of the same period of 2018 and 2017with US$5.8 billion, US$9.2 billion, respectively, the ministry said. Of 984 newly-licensed projects in the first four months, the Bac Lieu LNG-to-power project marked the first billion-dollar foreign direct investment project in 2020 with investment capital of US$4 billion, accounting for 59% of the total registered capital volume. Foreign investors pledged to pour capital in 18 sectors, in which manufacturing and processing took the lead with total registered capital of nearly US$6 billion, followed by power production and distribution (US$3.9 billion), wholesale and retail (US$776 million), and real estate (US$665 million). Singapore was the biggest foreign investor as the committed volume accounted for 41.1%, or US$5.07 billion, followed by Thailand and Japan with total registered capital of US$1.46 billion and US$1.16 billion, respectively. The ministry also said disbursed volume of foreign investment decreased by 0.6% from the same period last year to US$5.15 billion. Foreign-invested sector’s exports rose by 1.5% compared… Read full this story
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