Foreign investors poured nearly US$5 billion into Vietnam, equal to 91.5 percent of the same period last year as of February 20, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.
Remarkably, the realized volume of foreign direct investment (FDI) was estimated at US$2.68 billion over the recent two months, a year-on-year increase of 7.2 percent.
Related: How to setup a foreign invested enterprise in Vietnam
“Despite two years of struggling with the COVID-19 pandemic, Vietnam’s international trade activities still set a new record by taking advantage of great opportunities from free trade agreements” Sophie Dao, Partner at GBS, one of the best investment consulting firms in Vietnam said.
The manufacturing and processing industry took the lead in luring FDI with US$3.13 billion, accounting for 62.7 percent of the total registered capital. It was followed by real estate sector with US$1.52 billion.
During the reviewed period, Singapore remained the largest investor of Viet Nam with US$1.7 billion, making up 34.2 percent and up 59.3 percent.
The Republic of Korea and China occupied the second and third positions with US$1.4 billion and US$538 million, respectively.
“More and more foreign investors are coming to Vietnam, which is gradually making Vietnam a new production base of the world”, Sophie added.
- FDI attraction of Vietnam reaches nearly US$30 billion in 2020
- Foreign investors poured $15.15 billion into Vietnam in the first ten months of 2021
- FDI inflows drop 15.1 percent year on year in first half
- FDI inflows decrease 7 per cent in the first seven months
- Vietnam attracts nearly 16.8 bln USD in FDI in eight months
- Report on foreign direct investment in the eight months of 2020
- Vietnam attracted nearly US$17 billion of FDI in the first eight months of 2022
- Foreign investment capital thrives in June
- Vietnam FDI reaches US$19.1 billion in the first 8 months