Business

Vietnam’s FDI attraction surpasses 31 bln USD in 2021

The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency (FIA).
Vietnam’s FDI attraction surpasses 31 bln USD in 2021 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The total new, adjusted capital and sharepurchases by foreign investors reached 31.15 billion USD as of December 20, up9.2 percent annually, reported the Foreign Investment Agency (FIA).

Specifically, as many as 1,738 projects received investmentlicenses with a total registered capital of over 15.2 billion USD, down 31.1percent in volume and up 4.1 percent in value year-on-year. Other 985 projectsregistered additional capital of more than 9 billion USD, down 13.6 percent involume and up 40.5 percent in value annually.

Vietnam’s FDI attraction surpasses 31 bln USD in 2021 ảnh 2A worker at a production line (Photo: baodautu.vn)

Nearly 6.9 billion USD was recorded in share purchases, markingan annual decrease of 38.2 percent.

The FIA attributed the decrease in the number of projects toVietnam’s policy of selecting large-scale projects with high added value,limited entries and long-day quarantine, factory lockdowns and supply chaindisruptions caused by the pandemic.

Foreign investors have so far poured capital into 18 out of 21Vietnamese economic sectors. Manufacturing and processing sector took the leadwith over 18.1 billion USD in investment capital, or 58.2 percent of thetotal. It was followed by electricity production and distribution, real estate,wholesale and retail.

Vietnam’s FDI attraction surpasses 31 bln USD in 2021 ảnh 3A corner of HCM City (Photo: vneconomy.vn)

Among 106 countries and territories investing in Vietnam, Singaporeranked first with over 10.7 billion USD, equivalent to 34.4 percent of thetotal, ahead of the Republic of Korea (RoK) with around 5 billion USD and Japannearly 3.9 billion USD. However, the RoK owned the most projects in Vietnam.

The northern port city of Hai Phong surpassed the southernprovince of Long An in terms of FDI attraction with over 5.26 billion USD,making up 16.9 percent of the total registered capital and nearly tripling thatin the same period last year. Long An came second with more than 3.84 billionUSD and Ho Chi Minh City third with roughly 3.74 billion USD./. 

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