VOV.VN - Foreign direct investment (FDI) enterprises recorded a trade surplus of US$33.87 billion during 2020, while their export value reached US$202.89 billion, representing an annual increase of 10.7%, according to figures released by the General Department of Vietnam Customs.
December alone saw the total import and export value of FDI firms reach US$38.48 billion, marking an increase of 9.6% from the previous month.
Throughout 2020, the import and export value of FDI businesses witnessed a surge of 11.8% to US$371.90 billion, equivalent to an increase of US$39.26 billion in comparison to 2019.
Most notably, FDI enterprises exported goods worth a total of US$20.44 billion in December alone, a boost of 8.2% from the previous month, while their total export value during 2020 rose by 10.7% to US$202.89 billion compared to the previous year.
The import value of FDI firms in December enjoyed an increase of 11.3% to US$18.04 billion, and their import value last year soared by 13.1% to US$169.01 billion from 2019.
According to the statistics compiled by the General Department of Vietnam Customs, the trade balance of FDI firms in December and throughout the entire year returned to a surplus of US$2.4 billion and US$33.87 billion, respectively.
VOV.VN - Numerous FDI enterprises have consistently reported losses over the course of several years, despite continuing to invest in and expand production and business activities, along with an annual increase in revenue, thereby causing losses and damage to the state budget.
VOV.VN - Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research has hailed Vietnam’s handling of the virus, as saying that its response to the pandemic allowed the country to maintain its reputation as a “very good destination” for foreign direct investment.
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