The country could receive up to $22 billion this year, up 11.5% from 2021, according to the Ministry of Planning and Investment.

Containers are seen at Cat Lai Terminal in Ho Chi Minh City on December 24, 2022.

FDI pledges, which indicate the size of future FDI disbursements, including newly registered capital, further investment in existing projects and stake acquisition, fell 5.4% year-on-year to $22.4 billion.

Of the pledges, 57.5% would go to manufacturing and processing.

Singapore was the top source of FDI pledges in the period with $5.34 billion, followed by Japan ($4.2 billion) and South Korea ($3.9 billion).

Vietnam now has 36,000 active FDI projects with a total investment of $435 billion.

EuroCham chairman Alain Cany said recently that export-oriented manufacturing and inbound foreign direct investment are driving Vietnam's economic growth, and considering Vietnam's high-quality and affordable labor offerings, it's no surprise that foreign investors want to move manufacturing operations here.

"While global uncertainty persists, Vietnam's prospects are reassuring," he said, adding that EuroCham-member LEGO is investing $1 billion in Binh Duong to build its forward-looking first factory in Vietnam and its second in Asia, while Apple supplier Pegatron now planning to invest up to $1 billion here.

Over 55% of Japanese companies want to expand their business in Vietnam in this and next year, the highest among ASEAN countries, according to a survey released earlier this year by Japan External Trade Organization.

Deputy PM demands workers’ rights, interests be guaranteed during aid package disbursement

Deputy Prime Minister Le Minh Khai has requested workers’ rights and interests be guaranteed during the disbursement of a housing rental assistance package for those hit by the Covid-19 pandemic.

Deputy PM requests quicker disbursement of socio-economic recovery packages

Deputy Prime Minister Le Minh Khai has ordered the acceleration of the disbursement of financial packages serving the socio-economic recovery programme, particularly rent subsidy for workers as well as support in terms of interest rate for firms and cooperatives.

FDI disbursement up 10.2% in seven months

FDI disbursement in Vietnam reached 11.57 billion USD in the first seven months of this year, up 10.2% compared to the same period last year and over 1.3 percentage point against the first half of this year.

Bac Giang speeds up disbursement of public investment

(BGO)- Progress of disbursement of public investment plays a significant role in socio-economic recovery and development of Bac Giang province in 2022. However, the disbursement of this financial resource still faces numerous difficulties.

Vietnam’s public investment disbursement up 10.4% in first two months

Vietnam’s total public investment disbursement over the first two months of 2022 was estimated at 46.3 trillion (2 billion USD), up 10.4% over the same period last year, according to the General Statistics Office (GSO).

Source: VnExpress