FDI firms enjoy 5.5 billion USD in trade surplus in two months

Hanoi (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./.

Source: Vietnamplus