Registered foreign direct investment is exploding in Vietnam in January 2020, thanks to massive capital inflows from Singapore.

Singapore became the largest investor by registering $4.16 billion in Vietnam in January 2020

As of January 20, the registered inflow of foreign direct investment (FDI) to Vietnam was $5.33 billion, suddenly jumping by 179.5 per cent on-year, while disbursed FDI was $1.6 billion, increasing by 3.2 per cent on-year.

Most notably, more than 75 per cent of the total registered capital was made up of $4 billion registered capital for a liquefied natural gas-fired power plant by Singapore’s Delta Offshore Energy Pte., Ltd., according to the macro research by KIS Vietnam Securities Corporation (KIS).
In January, foreigners invested in 17 sectors, primarily focusing on the electricity sector with the registered capital of $4.04 billion, accounting for 75.8 per cent of the total registered capital. Processing came second with a registered capital of $860 million, accounting for 16.07 per cent. Professionals and retail took the third and fourth places, equivalent to 2.23 and 2.21 per cent of the total, respectively.

59 countries and territories were investing in Vietnam in the first month of 2020. Surprisingly, Singapore became the largest investor with the massive registered capital inflow of $4.16 billion, accounting for 78.09 per cent of the total registered FDI. South Korea ranked second with $270 million (4.96 per cent of the total). Hong Kong (China) stood in the third position with $210 million (3.98 per cent). China and Japan were the fourth- and fifth-largest investors with $160 million and $130 million.
Source: VIR
Asia Legal is one of the leading business law firms in Vietnam, providing creative and practical solutions for navigating both legal and commercial practices with local insight. At Asia Legal, we combine deep local knowledge with international standards of expertise to provide local and international clients with quality advice and consultancy services in a wide range of practice areas including: 
              
• Employment & Labour               • M&A                                               • Dispute Resolution               • Inward Investment
• Outward Investment                   • International Trade                 • Mining & Energy                    • Property & Construction
• Legal Retainer                                • Legal Training                            • Debt Collection                      • Legal Corporate Secretary

For more information, please contact us at info@asialegal.vn or via our Hotline/ Whatsapp/ Viber/ Telegram/ Line/ Wechat/ iMessage: +8484 400 8484 
              

ASIA LEGAL

Hanoi Head Office
7th Floor, Rural Today Newspaper Building, Lot E2, Duong Dinh Nghe Road, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam

Ho Chi Minh City
No 4, Nguyen Thi Minh Khai Road, Da Kao Ward,
District 1, Ho Chi Minh City, Vietnam

Quang Ninh
3B Cluster, 1 Quarter, Hong Ha Ward, Ha Long City, Quang Ninh Province, Vietnam

Hotline | Whatsapp | Viber | Telegram | Line

Wechat | iMessage : (+84)84 400 8484

Email: info@asialegal.vn

Tel: (+84) 24 2269 3399

Twitter Feed

COVID - 19 WHAT FOREIGNERS WORKING / LIVING IN VIETNAM MUST BE AWARE !!! View more at: http://k1o1ayHC31 ... http://b1epBYLZja
Vietnamese offer to assist British Prime Minister's COVID-19 treatment View more at: http://PAcOejcrim ... http://1kRGIDh08M
Follow GBS on Twitter

Asia Legal is a Vietnamese full service business and legal consulting firm providing creative and practical solutions for navigating both legal and commercial practices with local insight.