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The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

24/11/2020 14:43

In the fourth quarter of 2020, foreign direct investment reached US $ 2.3 billion, down 19% from the same period last year. However, the average registered value of FDI projects increased by 55.8% over the same period last year, reaching approximately $ 8.5 million per project. This shows that although the number of registered projects is less, the quality of FDI projects has improved compared to the same period last year.

Based on real-time data on industrial projects over US $ 2 million, based on market information, the research team analyzes and reports on industrial project implementation. in Vietnam – classified by stage, type of job, locality, type of project, form of investment, in October 2020.

I. Overview investment – production in the fourth quarter of 2020

Worldwide COVID-19 pandemic, combined with geopolitical uncertainties, as well as high risk of economic crisis that directly affects foreign direct investment in Vietnam. 

The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

II. The implementation of industrial projects in Vietnam

1. Overview of the construction of industrial projects in the fourth quarter of 2020

Once the epidemic has been controlled, industrial construction has accelerated operations in a new normal state. October 2020 witnessed strong growth, both in quantity and investment value of industrial projects in the stage of preparation and implementation of construction.

The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

2. Industry project preparing to build

  • Industrial projects to be built according to the type of work: Expanding the existing factory scale continues to be a development trend in the coming time.
  • Local-prepared industrial projects: An increasing number of large-scale industrial projects are about to be built in the central provinces.
  • Industrial projects to be built by type of project: Logistic center is an industrial field with strong growth in both quantity and investment value of projects to be implemented in October / 2020

The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

The bright spot in industrial construction activity in the fourth quarter of 2020 is the strong growth, both in the number of projects and in the investment value of projects in the logistics sector. While the number of projects only increased by 27%, the value of investment in logistics center projects prepared to be deployed in October reached US $ 4.7 billion, up 189% from the previous month. This investment capital is expected to partly improve the logistics infrastructure that is still lacking in the coming time.

Industrial projects to be built in the form of investment: Domestic direct investment (DDI) has an overwhelming number of projects and investment value compared to forms of direct investment from other countries. other.

The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

3. Ongoing industrial projects

A large number of industrial projects are being implemented, concentrated in the Red River Delta and Southeast.

The energy sector has the largest total investment value, of which the renewable energy projects are focusing on development.

The progress of constructing industrial projects in Vietnam in the fourth quarter of 2020

Source: GSO



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