Disbursement of foreign direct investment (FDI) capital in Vietnam hit 11.58 billion USD this year to August 20, an increase of 2 percent compared to the same period last year, according to the Ministry of Planning and Investment.
Ho Chi Minh City’s Index of Industrial Production (IIP) rose 7.4 percent year-on-year in the first five months of 2021, according to the municipal Department of Industry and Trade.
Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.
HCM City reported a foreign direct investment (FDI) influx of 1.14 billion USD in the first four months of 2021, posting a year-on-year decline of 12.92 percent.
In the first four months to April 20, foreign investors pumped 12.25 billion USD in Vietnam, equal to 99.3 percent of the amount recorded in the same period last year.
Ton Ngoc Hiep, who already opened 10 Vietnamese “pho” (noodle soup) restaurants in Kuala Lumpur, Malaysia, is planning to bring the brand to the UK and the US.
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.
Vietnam’s gross domestic product (GDP) in the first quarter of 2021 is estimated to rise 4.48 percent, higher than 3.68 percent recorded in the same period last year, the General Statistics Office (GSO) General Director Nguyen Thi Huong reported at a press conference on March 29.
Industry was the fastest growing sector and the largest contributor to Vietnam’s export revenue over the last decade, making up roughly 30 percent of the annual GDP, Minister of Industry and Trade Tran Tuan Anh told the on-going 13th National Party Congress on January 28 morning.
2020 is a tough year for Vietnam, yet the economy has reaped remarkable achievements. Experts have been optimistic about Vietnam’s economic growth in 2021.