Business

FDI inflow into Vietnam still on upturn trend

Despite impacts of the COVID-19 pandemic, the inflow of foreign direct investment (FDI) into Vietnam still rose 4.4 percent year on year in the first nine months of 2021 to 22.15 billion USD.
FDI inflow into Vietnam still on upturn trend ảnh 1Despite COVID-19 impacts, Nestlé has announced that it will invest an additional 132 million USD in Vietnam. (Photo: congthuong.vn)
Hanoi (VNA) – Despite impacts of the COVID-19 pandemic,the inflow of foreign direct investment (FDI) into Vietnam still rose 4.4 percent year on yearin the first nine months of 2021 to 22.15 billion USD.

An upturn was recorded in both value of investment to newprojects as well as additional capital to existing ones. Specifically, 12.5billion USD was poured into 2,212 newly-licensed projects, up 20.6 percent overthe same period last year, while 6.4 billion USD was added into underwayprojects, a rise of 25.6 percent.

Particularly, Vietnam saw many large-scale FDI projects inthe January-September period.

According to Deputy Minister of Planning and InvestmentNguyen Thi Bich Ngoc, the result manifested the attractiveness of theVietnamese market and foreign investors’ confidence in Vietnam’s capacity incontrolling the pandemic and its economic recovery as well as theeffectiveness of measures taken by the Government to accompany andsupport businesses.

The fourth wave of COVID-19 infections in Vietnam since late Aprilthat caused prolonged social distancing in many provinces and cities nationwide has greatly affectedproduction and business activities in the country.

However, many foreign investors have remained optimisticabout the business and investment environment in Vietnam, and affirmed thatVietnam will still be a top choice for their new and expanded projects.

Binu Jacob, CEO of Nestle Vietnam, pledged that the company willcontinue to expand its investment in Vietnam and make more contributions to thecountry’s sustainable growth and socio-economic development.

Meanwhile, Choi Joo Ho, General Director of Samsung Vietnam,said that Vietnam is providing an attractive investment environment for foreigninvestors thanks to its numerous advantages./.
VNA
#COVID-19 #foreign direct investment (FDI) #FDI projects #economic recovery #social distancing #Vietnam #Vietnam news #Vietnam News Agency
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