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)
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.In January-February, the FDI sector enjoyed nearly 5.5 billion USD in trade surplus, with exports exceeding 37 billion USD, up 32 percent year on year, while imports totalling 31.51 billion USD, up 30.8 percent.
Among sub-sectors, the machinery, tools and parts posted the largest export growth 77 percent, 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).
As of 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.
As many as 126 foreign projects were granted investment licences with total registered 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 additional sum of 1.61 billion USD, or 2.5 times higher than the same time last year.
Capital contributions and shares purchases by foreign investors stood at 543.1 million USD, down 34.4 percent.
Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over 3 billion USD or 55.7 percent, followed by power production and distribution with 1.44 billion USD (26.5 percent), real estate 485 million USD, and science-technology nearly 153 million USD./.
en.vietnamplus.vn
Tags:
Related News
Slow removal of IUU "yellow card", loss of many millions of dollars
16:11 | 19/09/2023 Import-Export
VCN - It is expected that in October 2023, the European Commission (EC) Inspection Team will conduct the fourth assessment on the implementation of strong measures against illegal, unreported fishing and not according to Vietnam's (IUU) regulations. This is a golden opportunity for Vietnam to remove the "yellow card" warning for exploited seafood.
Export difficulties affect budget revenue
09:59 | 21/09/2023 Finance
VCN - The economic situation in the first 8 months of the year faced many difficulties and challenges, which affected the implementation of financial and budgetary tasks. According to the Ministry of Finance, budget revenue in the first 8 months of the year decreased compared to the same period in 2022. In that context, the Finance sector will have to make every effort to ensure completion of tasks in 2023.
Reasons for plunge in the Customs’ revenue
10:46 | 18/09/2023 Import-Export
VCN - Although the Customs sector has provided solutions to support enterprises to boost trade, the import and export turnover of major commodity groups has plummeted, leading to the decrease in the Customs’ revenue.
Cao Bang Customs earns over VND546 billion in revenue
10:43 | 16/09/2023 Customs
VCN - The revenue of the Cao Bang Customs Department in August tended to increase. However, the revenue in the first eight months of the year plunged in the same period in the previous year.
Latest News
Good news for Vietnam’s tra fish exports to US
14:40 | 22/09/2023 Import-Export
Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.
Connected transportation creates motivation for economic development
10:41 | 22/09/2023 Import-Export
VCN - From the beginning of the year until now, many key transportation projects across the country have been started, constructed and put into operation, expected to create new momentum for key economic regions and driving force for economic development across the country.
Int"l conference discusses Vietnam-Laos-Cambodia cooperation in digital economy
15:21 | 21/09/2023 Import-Export
More than 100 Vietnamese, Lao, and Cambodian experts, managers, and diplomats joined an international conference on the three countries’ trade and investment cooperation given the digital economy, which took place in Ho Chi Minh City on September 20.
Fertiliser imports reach two-year high in August
15:18 | 21/09/2023 Import-Export
Vietnam’s fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year.
More News
Maintain "credibility" to stabilize agricultural product exports to the EU
10:00 | 21/09/2023 Import-Export
VCN - As one of the potential markets for Vietnamese agricultural products, the EU market share for Vietnamese agricultural products has recently developed as much as expected.
Hanoi focuses on building rice trademark
15:47 | 20/09/2023 Import-Export
Hanoi is working to cultivate high-quality rice varieties in 80% of the local rice farming area in a bid to build trademark for the product in the 2021-2025 period.
There will be a system to ensure transactions in e-commerce
09:08 | 20/09/2023 Import-Export
VCN – To support the protection of parties involved in transactions using online payment, the Center for Informatics and Digital Technology (Bureau of E-commerce and Digital Economy, Ministry of Industry and Trade) is expected to launch the system to ensure e-commercial transactions.
Vietnam plays important role in supply chains of major global sporting goods brands
16:09 | 19/09/2023 Import-Export
Vietnam plays an important role in the supply chains of major sporting goods brands such as Adidas and Nike, which are taking actions to promote green and sustainable production in the country, heard a recent workshop held in Geneva, Switzerland.
OCOP Market – “Launching site” to help Vietnamese agricultural products fly high
09:56 | 19/09/2023 Import-Export
VCN - Only the livestream “OCOP Market - Dong Thap - Land of the Red Lotus” attracted more than 24 million visits, 563,000 livestream viewers, bringing in more than VND 556 million in revenue. The products promoted in the livestream came from 12 typical subjects with nearly 35 specialty agricultural products of all kinds such as Linh fish sauce, dried fruit, rice vermicelli... This model is considered as extended arm help local specialties including agricultural products, reach consumers across the country, opening up new opportunities to access international markets and increase revenue.
Vietnam has become a strategic destination in the supply chains of many large corporations
09:54 | 19/09/2023 Import-Export
VCN - Many corporations, retail and wholesale distribution channels are promoting diversification strategies, ensuring sustainable supply and have chosen Vietnam as a strategic location in their global supply chains.
The bravery of billion-dollar enterprises
17:18 | 18/09/2023 Import-Export
VCN - Becoming a large-scale enterprise has never been without its challenges, even in the current era. Despite the market's numerous fluctuations, as of the end of August 2023, 50 companies have reached a market capitalization of over US$1 billion, among which 11 units have surpassed the US$5 billion mark.
Expectations on the driving force of public investment
17:18 | 18/09/2023 Import-Export
VCN - Statistics on registration and dissolution show that businesses are still facing very difficult times. Therefore, public investment is still expected to be the driving force leading economic recovery.
Vietnam, China"s Hong Kong promote business connections
17:16 | 18/09/2023 Import-Export
The Institute for Economic and Trade Development Research under the Hanoi Department of Science and Technology has coordinated with the Hong Kong Productivity Council to organise the Vietnam - Hong Kong Business Networking in Hong Kong, China, offering an opportunity for businesses from both sides to exchanges business initiatives, information about products, markets and promote investment.
Your care
Latest
Most read
Good news for Vietnam’s tra fish exports to US
14:40 | 22/09/2023 Import-Export
Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.
Connected transportation creates motivation for economic development
10:41 | 22/09/2023 Import-Export
VCN - From the beginning of the year until now, many key transportation projects across the country have been started, constructed and put into operation, expected to create new momentum for key economic regions and driving force for economic development
Int"l conference discusses Vietnam-Laos-Cambodia cooperation in digital economy
15:21 | 21/09/2023 Import-Export
More than 100 Vietnamese, Lao, and Cambodian experts, managers, and diplomats joined an international conference on the three countries’ trade and investment cooperation given the digital economy, which took place in Ho Chi Minh City on September 20.
Fertiliser imports reach two-year high in August
15:18 | 21/09/2023 Import-Export
Vietnam’s fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year.
Maintain "credibility" to stabilize agricultural product exports to the EU
10:00 | 21/09/2023 Import-Export
VCN - Mr. Dinh Sy Minh Lang, European-American Market Department (Ministry of Industry and Trade) said at the Trade Promotion Workshop to the EU market, "Taking advantage of preferential opportunities for agricultural products from EVFTA in the new contex
