Nearly 37,600 new firms were formed in Vietnam with a total registered capital of $19.1 billion in the first four months of this year, down 13.2 percent in number and 18 percent in capital year-on-year due to the COVID-19 pandemic.

Vietnam attracted $12.33 billion in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency (FIA).

A total of 138,100 businesses with a combined registered capital of over US$74.7 billion were set up in 2019, up 5.2 percent and 17.1 percent, respectively, from the previous year.

The Government recently issued Decree No.86/2019/ND-CP regulating the minimum legal capital levels of foreign banks’ branches and credit institutions operating in Vietnam.

As many as 1,609 foreign direct investment (FDI) projects, worth 22.3 billion USD, landed the Mekong Delta in the first half of 2019, reported the Vietnam Government Portal (VGP).

Hong Kong topped the list of 95 countries and territories investing in Vietnam in the January-June period, with a total investment of $5.3 billion, making up 28.7 percent of the new FDI inflow into the country.

 VietNamNet Bridge – South Korea was the top foreign investor in Viet Nam with total new and expanded investments of US$6.2 billion through October 2015,

The investors spent trillions of dong to set up big production factories to serve their ambitious investment projects. However, the factories have been left idle since the day they were built.