Vietnam's foreign direct investment (FDI) surges from Singapore

Vietnam's foreign direct investment (FDI) surges from Singapore

According to the Vietnam Ministry of Planning and Investment, in the first 20 days of 2020, Vietnam gained US$5.3 billion in foreign direct investment (FDI), up 179.5% year-on-year. It came in the form of additional FDI, capital contributions and share purchases by FDI's foreign investors.

Singapore was Vietnam's largest foreign investor in the same month, with more than $4.05 billion, accounting for 90.9% of total FDI.

Last year, Singapore was the third largest investor ($4.5 billion), South Korea ranked first ($7.92 billion), and Hong Kong (China) second ($7.877 billion), followed by ..

Vietnam has received approximately $3.82 billion in FDI in 2020.This is a record high, up 7.2% on an annual basis.

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