According to the Ministry of Planning and Investment, although the Covid-19 epidemic is still very complicated, as of the fourth quarter of 2021, FDI activities in Vietnam have had many flourishes. Specifically, the total registered foreign investment capital into Vietnam reached 23.74 billion USD, up 1.1% over the same period in 2020. Of which, newly and additionally registered FDI capital increased sharply. According to published data, newly registered capital since the beginning of the year has reached over 13 billion USD, up 11.6% over the same period; additional capital reached over 7.09 billion USD, up 24.2% over the same period last year.
The processing and manufacturing industry leads the way with a total investment of over 12.7 billion USD, accounting for more than half of the total registered investment capital. This is also the industry that attracts the most new projects, accounting for one-third of the total number of investment projects. Singapore leads the way among 97 countries and territories investing in Vietnam with a total investment capital of 7.51 billion USD. Korea ranked second with a total investment capital of 3.42 billion USD, accounting for 14.6%; China ranked third with a total registered investment capital of 2.17 billion USD, accounting for 9.2%; Followed by Japan, Thailand, Taiwan,…
In addition to FDI enterprises in Asia, European business leaders were more optimistic about Vietnam’s business environment after the social distance ended, starting the “new normal” phase of trade and investment. Positive signs and optimism have been shown in the EuroCham Doing Business Index for the third quarter just released in this month. This index reached 18.3%, an increase of 3% compared to the previous quarter.
Besides the positive results, it is worth noting that the disbursed capital reached 15.15 billion USD, down 4.1% over the same period. This decrease was higher than at the same time last month (down 3.5% over the same period).
However, according to the Foreign Investment Department – Ministry of Planning and Investment, the COVID-19 pandemic is gradually being controlled; The Government and functional agencies have promptly stepped in and issued many solutions and policies to remove difficulties and obstacles for businesses, as well as regulations and guidelines to adapt to the new situation of enterprises. Due to the pandemic, businesses are gradually and gradually restoring production and business activities. It is expected that realized investment capital will improve by the end of the year.
Commenting on Vietnam’s FDI attraction in 2021, Malaysia’s The Star website said that there were 776 FDI projects that decided to increase capital to expand investment in Vietnam, with a capital of over 7 billion USD, an increase of 24% over the same period. This figure reflects the confidence of foreign investors in Vietnam, despite the short-term impacts caused by the fourth wave of the epidemic.
Those will be the driving force for Vietnam to accelerate the recovery and socio-economic development towards green and sustainable growth.
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