Foreign investors pump over US$28.5bil into Vietnam in 2020

Rolled steel being manufactured at the Japan-invested JFE Shoji Steel Hải Phòng Company in the northern port city of Hải Phòng. — VNA/VNS

HANOI (Vietnam News/ANN): Foreign direct investment (FDI) registered in Vietnam hit US$28.53 billion in 2020, a year-on-year decline of 25 per cent due to the significant impact of the Covid-19 pandemic, a report from the General Statistics Office (GSO) revealed.

About 2,523 new projects were licensed with capital totalling $14.6 billion, down 35 per cent in the number of projects and 12.5 per cent in registered capital.