Vietnam's FDI attraction sees bright prospect

Thứ Năm, 03/03/2022, 19:48

As of February 20, foreign investors have poured nearly 5 billion USD in Vietnam this year, equivalent to 91.5% in the same period last year. It continues to affirm that FDI investors are placing great faith in Vietnam's investment environment.

Vietnam's FDI attraction sees positive signs -0
FDI investors are placing great faith in Vietnam's investment environment.

Data released by the General Statistics Office on February 28 shows that, the total FDI capital registered in Vietnam as of February 20 reached nearly 5 billion USD. 183 new projects had been licensed, a rise of 45.2% year on year.  Meanwhile, nearly 3.6 billion USD was added into 142 underway projects, over 2.2 times than that in the same period last year.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI was poured in 17 out of the 21 economic sectors, with the highest amount on processing-manufacturing sector at 3.13 billion USD. 51 countries and territories have invested in Vietnam, led by Singapore with over 1.7 billion USD, accounting for 34.2% of the total FDI that Vietnam attracted in two months.

Nguyen Van Toan, Vice Chairman of the Vietnam Association of Foreign Invested Enterprises, stated that due to serious impact of the pandemic, many FDI enterprises faced difficulties in production and business activities. However, these difficulties are only temporary and the possibility of foreign investors moving their supply chain out of Vietnam is very small.

Several factors have supported the January rebound – from the government’s supporting policies for businesses and efforts to further improve the business climate, to the resumption of international commercial flights and change to the pandemic strategy. “These ease the constraints and solve bottlenecks for an economic bounce back, and will also facilitate the growth in 2022,” Toan said.

He then advised ministries and sectors to strengthen trade promotion and diplomatic activities to make the full use of the EU-Vietnam Investment Protection Ageeement (EVIPA) that is expected to become effective soon, while improving their business and investment environment as well as human resources quality, and strengthening the connections between domestic firms and their foreign peers.

By An Nhien