Workers at Canon Electronic Vietnam Co.Ltd in Pho Nui A Industrial Park in Hung Yen Province. (Photo: VNA) Hanoi (VNA) – Vietnam remains a safe and attractive destinationfor foreign investors despite complicated developments of the COVID-19 pandemic.
Accordingto a report from the Foreign Investment Agency (FIA) under the Ministry of Planningand Investment, foreign investors registered to pump 23.74 billion USDinto Vietnam during the first 10 months of 2021, surging 1.1 percent overthe same period last year. Ofthe sum, over 13 billion USD was injected into newly-licensed projects, up 11.6per cent year-on-year, while the remainder of over 7.09 billion USD came tooperating projects, up 24.2 per cent.
Theagency attributed the slight increase in foreign direct investment compared to the same period last year to the country’s selective investment policy which focuses onlarge-scale projects with added value.
Thetravel restrictions and quarantine policy also influenced the decision-makingof foreign investors.
However,according to economic experts, a 1.1 percent year-on-year increase in registeredFDI capital in 10 months is still considered a "bright spot" of the economygiven that the complicated situation of the COVID-19 pandemic in Vietnam fromthe end of April this year.
Talkingabout Vietnam's prospects for attracting FDI, Warrick Cleine – Chairman and CEOof KPMG in Vietnam and Cambodia said that Vietnam created both macroeconomicand social stability which would encourage more investment as investors lovethe safe and predictable business environment.
Vietnam’sother advantage was the economic growth and the government’s engagement withthe global community, he said.
AlainCany, chairman of the European Chamber of Commerce said that Vietnam was apromising market for foreign businesses in many fields from car imports toprivate education.
Inaddition, the country also has a lot of potential for production and export.Thus, he recommended foreign businesses continue including Vietnam in theirinvestment plans./.
