FDI firms enjoy 5.5 billion USD in trade surplus in two months
Foreign direct investment (FDI) firms’ import-export value reached 68.52 billion USD in the first two months of 2021, a surge of 31.5 percent from the same period last year, according to the General Department of Vietnam Customs.
Foreign direct investment (FDI) firms’ import-export value reached 68.52 billion USD in the first two months of 2021. (Photo: VNA)
Hanoi (VNA) – Foreign direct investment (FDI) firms’ import-export valuereached 68.52 billion USD in the first two months of 2021, a surge of 31.5percent from the same period last year, according to the General Department ofVietnam Customs.
InJanuary-February, the FDI sector enjoyed nearly 5.5 billion USD in tradesurplus, with exports exceeding 37 billion USD, up 32 percent year on year,while imports totalling 31.51 billion USD, up 30.8 percent.
Amongsub-sectors, the machinery, tools and parts posted the largest export growth 77percent, increasing 2.44 billion USD. It was followed by phones and spare parts(2.2 billion USD, or 29 percent), and electronics and parts (1.85 billion USD,or 34 percent).
Asof February 20, 5.46 billion USD worth of FDI was injected into Vietnam,equivalent to 84.4 percent of the figure recorded in the same time last year,according to the Ministry of Planning and Investment.
Asmany as 126 foreign projects were granted investment licences with totalregistered capital of 3.31 billion USD, a year-on-year fall of 33.9 percent.
Meanwhile,115 existing projects adjusted their investment capital with a total additionalsum of 1.61 billion USD, or 2.5 times higher than the same time last year.
Capitalcontributions and shares purchases by foreign investors stood at 543.1 millionUSD, down 34.4 percent.
Foreigninvestors pumped capital in 17 sectors, with processing and manufacturing holdingthe lead with over 3 billion USD or 55.7 percent, followed by power productionand distribution with 1.44 billion USD (26.5 percent), real estate 485 millionUSD, and science-technology nearly 153 million USD./.
The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and an average consumer price index (CPI) of 4.2 percent under an optimistic scenario.
Vietnam posted an estimated trade surplus of 1.3 billion USD in January, according to a report recently announced by the Ministry of Industry and Trade (MoIT).
As much as 5.46 billion USD worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Foreign direct investment (FDI) firms’ import-export value reached 68.52 billion USD in the first two months of 2021. (Photo: VNA) 
