COVID-19 spreading did not stop the rising trend of foreign direct investment pouring heavily into Vietnam in 2020. A total of 1,212 projects were granted investment licenses with a total registered capital of USD 7.4 billion. In terms of the newly registered capital, 53.8% went to production and distribution of electricity, gas, steam and air-conditioner, while 37% went to industrial processing and manufacturing industry. Among the source of funding origin, Singapore topped the league with the highest investment capital of nearly USD 4.4 billion among 58 countries and territories investing in Vietnam, followed by Taiwan, China, Hong Kong, South Korea and Japan. Bac Lieu LNG-to-power construction owned by Singapore-based Delta Offshore Energy become this year’s first billion-dollar project. The buoyant interests from foreign investors in Vietnam may partly help explain the strong rally of its equities since late March. In fact, Vietnam market was the best performing market in Asia two months in a row with MSCI Vietnam Index up by 30.2% from the beginning of April to the end of May.
COVID-19 spreading did not stop the rising trend of foreign direct investment pouring heavily into Vietnam in 2020. A total of 1,212 projects were granted investment licenses with a total registered capital of USD 7.4 billion. In terms of the newly registered capital, 53.8% went to production and distribution of electricity, gas, steam and air-conditioner, while 37% went to industrial processing and manufacturing industry. Among the source of funding origin, Singapore topped the league with the highest investment capital of nearly USD 4.4 billion among 58 countries and territories investing in Vietnam, followed by Taiwan, China, Hong Kong, South Korea and Japan. Bac Lieu LNG-to-power construction owned by Singapore-based Delta Offshore Energy become this year’s first billion-dollar project. The buoyant interests from foreign investors in Vietnam may partly help explain the strong rally of its equities since late March. In fact, Vietnam market was the best performing market in Asia two months in a row with MSCI Vietnam Index up by 30.2% from the beginning of April to the end of May.
