Vietnam’s investments abroad up 6.9% during Jan-Nov

Updated: 22:42, 30/11/2020

Vietnamese investors poured a total of US$490.4 million in projects abroad in the first 11 months of 2020, up 6.9% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

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Of the amount, US$316.4 million was invested in 114 new projects, and US$174 million was added to existing ones.

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Meanwhile, as of November 20, foreign investments poured into Vietnam totalled US$26.4 billion, down 16.9% year-on-year. Specifically, there were 2,313 new projects with total capital of US$13.6 billion, down 33.5% in the number of projects and 7.6% in capital year-on-year.

Foreign investors adjusted capital for 1,051 projects with an additional investment of US$6.3 billion, up 7.8%. They also contributed capital or purchased shares with a total capital of US$6.5 billion, down 41.8%.

FDI disbursement is estimated at US$17.2 billion during January-November, a year-on-year decrease of 2.4%.

During this period, Vietnam reported nearly 124,300 newly-established enterprises, down 1.9%.

The country’s index of industrial production (IIP) is estimated to rise by 3.1% from that of the same period last year, with manufacturing and processing up 4.7% and power production and distribution 3.2%.

CapitaLand Group seeks investment opportunity in Bac Giang

(BGO) - On October 30, representative of CapitaLand Group led by General Manager of CapitaLand Vietnam Ronald Tay visited to seek investment opportunity in Bac Giang province. The delegation was welcomed by Duong Van Thai, Secretary of the provincial Party Committee (PPC), Chairman of the provincial People’s Committee and leaders of relevant departments and sectors.

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Deputy Prime Minister and Foreign Minister Pham Binh Minh held phone talks on October 27 with the UK’s former Prime Minister Tony Blair, who is now Executive Chairman of the Tony Blair Institute for Global Change.

Bac Giang licenses 106 new investment projects

(BGO) - According to the Department of Planning and Investment, Bac Giang province licensed and adjusted 14 investment projects including 5 new projects (4 domestic and 1 foreign investment) in October. Total newly registered and added capital hit 72.4 million USD.

Source: NDO