FDI firms enjoy US$5.5 billion in trade surplus in two months

Foreign direct investment (FDI) firms’ import-export value reached US$68.52 billion in the first two months of 2021, a surge of 31.5% from the same period last year, according to the General Department of Vietnam Customs.

In January-February, the FDI sector enjoyed nearly US$5.5 billion in trade surplus, with exports exceeding US$37 billion, up 32% year on year, while imports totalling US$31.51 billion, up 30.8%.

Among sub-sectors, the machinery, tools and parts posted the largest export growth 77%, increasing US$2.44 billion. It was followed by phones and spare parts (US$2.2 billion, or 29%), and electronics and parts (US$1.85 billion, or 34%).

As of February 20, US$5.46 billion worth of FDI was injected into Vietnam, equivalent to 84.4% 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 US$3.31 billion, a year-on-year fall of 33.9%.

Meanwhile, 115 existing projects adjusted their investment capital with a total additional sum of US$1.61 billion, or 2.5 times higher than the same time last year.

Capital contributions and shares purchases by foreign investors stood at US$543.1 million, down 34.4%.

Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over US$3 billion or 55.7%, followed by power production and distribution with US$1.44 billion (26.5%), real estate US$485 million, and science-technology nearly US$153 million.