For the year to October 20, total registered of new foreign-invested projects in Vietnam dropped 1.3 percent year-on-year to 12.26 billion USD despite a 24.4 percent increase in the number of projects
Workers at Bluecom Vina Company Limited. (Source: Vietnamnet.vn)
Hanoi (VNA) – For the year to October 20, total registered of ne🐷w foreign-invested projects in Vietnam dropped 1.3 percent year-on-year to 12.26 billion USD despite a 24.4 percent increase in the number of projects.
According to the General Statistics Office of Vietnam, 2,061 foreign-invested projects were licensed in the period.
Meanwhile, 967 existing projects have added more than 5.3 billion USD to their investment.
As a result, total FDI flow into the country during the first ten months of the year surpassed 17.6 billion USD, falling 8.7 percent year-on-year.
Disbursement of FDI capital in the period is estimated to be 12.7 billion USD, an increase of 7.6 percent year-on-year.
Processing and manufacturing industries have absorbed the largest amount of FDI with more than 12.8 billion USD, accounting for 72.9 percent of total FDI inflow in the 10 months.
The northern city of Hai Phong attracted the most FDI capital with 2.443 billion USD.
Among 58 countries and territories pouring investment in Vietnam in the period, the Republic of Korea is the leading investor with 4.668 billion USD.-VNA
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Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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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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Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
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Workers at Bluecom Vina Company Limited. (Source: Vietnamnet.vn)
