As many as 1,738 projects received investment licenses with a total registered capital of over 15.2 billion USD, down 31 percent in volume and up 4 percent in value year-on-year.

The Foreign Investment Agency attributed the decrease in the number of projects to Vietnam’s policy of selecting large-scale projects with high added value, limited entries and long-day quarantine, factory lockdowns and supply chain disruptions caused by the pandemic.

Foreign investors have so far poured capital into 18 out of 21 Vietnamese economic sectors. Manufacturing and processing sector took the lead. It was followed by electricity production and distribution, real estate, wholesale and retail.

Among 106 countries and territories investing in Vietnam, Singapore ranked first, ahead of the Republic of Korea and Japan.

The northern port city of Hai Phong surpassed the southern province of Long An in terms of FDI attraction. Long An came second and Ho Chi Minh City third./.