Vietnam's foreign direct investment and trade value rise in January

HANOI, Jan. 29 (Xinhua): Vietnam attracted an estimated foreign investment of US$2.1 billion in January 2022, up 4.2 per cent year on year, the country's General Statistics Office said Saturday.

Specifically, Vietnam licensed 103 new foreign direct investment (FDI) projects with total registered capital of US$388 million dollars, up 119.1 per cent in quantity but down 70.7 per cent in capital year on year.

Among countries and regions with newly licensed investment projects in Vietnam in January, Singapore was the largest source of registered capital with US$198.1 million, accounting for 51.1 per cent of the total, followed by China's Hong Kong with US$103.3 million, accounting for 26.6 per cent, said the office.

During the period, Vietnam also saw 71 operational FDI projects raise capital by US$1.27 billion in total, up 169 per cent year on year.

In January, disbursed FDI capital totaled US$1.61 billion dollars, up 6.8 per cent year on year, and 75.4 per cent were for the processing and manufacturing sector.

In 2021, Vietnam attracted a total foreign investment of US$31.15 billion, up 9.2 per cent year on year, according to the office.

Meanwhile, Vietnam reported an estimated trade value of US$58.5 billion in January, up 6.3 percent year-on-year, with a trade deficit of US$500 million, the country's General Statistics Office said Saturday.

Specifically, the export revenue stood at US$29 billion, up 1.6 per cent year-on-year, while the import revenue totalled US$29.5 billion, up 11.5 percent.

The United States remained Vietnam's biggest importer with turnovers of US$9 billion, followed by China with US$5.2 billion and the European Union with US$ 3.6 billion, said the office.

China is Vietnam's largest exporter with US$10.2 billion of turnovers, followed by South Korea with US$5.6 billion and the Association of Southeast Asian Nations (Asean) with US$3.7 billion, according to the office. - Xinhua

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Vietnam , FDI , Increasing , Trade Value , Up , January , 2022


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