Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.
The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
Vietnam’s success in the fight against COVID-19 and its overall stability have increased its competitiveness and resulted in positive outcomes in foreign direct investment (FDI) attraction since the start of the year, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, Do Nhat Hoang, has said.
One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year.
The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.
Foreign investors had poured more than 28.5 billion USD into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.
Vietnam had attracted a total of 26.43 billion USD in FDI this year as of November 20, equal to 83.1 percent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.
Vietnam attracted 26.43 billion USD in foreign direct investment (FDI) in the first 11 months of 2020, according to the Ministry of Planning and Investment.