Pledges of foreign direct investment (FDI) to Vietnam in 2021 were estimated at 31.15 billion USD, up 9.2% from the previous year, despite the impacts of Covid-19, according to the Foreign Investment Agency (FIA).
The figure included 15.2 billion USD poured over 1,738 new projects, 9 billion USD invested in 985 current projects and 6.9 billion USD worth of share purchases, data as of December 20 showed.
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A foreign firm in Hai Phong.
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The FIA said the total FDI pledges rose but the number of projects fell sharply as a result of Vietnam’s selective policy which dismissed small projects with little added value.
Manufacturing was the most attractive sector to foreign investors, receiving 18.1 billion USD, accounting for 58.2% of the total capital pledges, followed by electricity generation with 5.7 billion USD.
The largest foreign investor in Vietnam during 2021 was Singapore at 10.7 billion USD, followed by the Republic of Korea and Japan, which invested 5 billion USD and 3.9 billion USD respectively.
In 2021 the port city of Hai Phong became the largest recipient of foreign investment with 5.26 billion USD, while Long An came second with 3.84 billion.
Ho Chi Minh City ranked third with 3.74 billion USD.
Expanding investment attraction and international integration through diplomatic channel
(BGO)-
A teleconference between newly appointed Ambassadors, Consuls General and Head
of Vietnamese diplomatic representative agencies in 28
countries and territories and representatives of 22 Northern provinces was held
on November 23 by the Ministry of Foreign Affairs (MOFA). Deputy Minister
Nguyen Quoc Dung hosted the conference. Permanent Vice Chairman of the
provincial People’s Committee (PPC) chaired the conference place in Bac Giang.
Bac Giang creates industrial land funds to attract investment
(BGO) – Amid significant impacts of the Covid-19 epidemic, Bac
Giang has still emerged as a bright spot in terms of investment attraction. The
province ranks 10th in the country in luring foreign direct investment (FDI)
with more than 1 billion USD. Therefore, the province’s industrial real estate
segment is seeing great development opportunities as it is assessed as
potential and attractive to investors.
Source: NDO
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