Việt Nam remained an exception in attracting Foreign Direct Investment (FDI) on the global and regional scale last year. The Southeast Asian economy was also expected to attract a large amount of FDI this year, said economists and analysts.
FDI is expected to remain a pivotal catalyst for economic advancement throughout ASEAN countries, with Việt positioning itself as a leading contender in the pursuit of top-tier FDI from Japan.
According to data from the Ministry of Industry and Trade (MoIT), local industry led in attracting foreign investment last year, with a combined registered capital exceeding US$14.96 billion and accounting for 59.5 per cent of Viet Nam’s total FDI.
Viet Nam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Foreign Investment Agency.
The total foreign direct investment (FDI) of Viet Nam reached nearly US$16.8 billion as of August 20, down 12.3 per cent over the same period last year.
Viet Nam is calling for foreign investment in 157 projects in the 2021-2025 period, according to a decision recently signed by Deputy Prime Minister Pham Binh Minh.
Foreign investors have poured US$15.27 billion into Viet Nam so far this year, equivalent to 97.4 per cent of the amount recorded in the same period last year.
As of April 20, Viet Nam attracted US$12.25 billion in foreign direct investment (FDI), equivalent to 99.3 per cent compared to the same period last year.
Viet Nam attracted US$23.48 billion worth of FDI in the first 10 months of this year, equal to 80.6 per cent of the figure in the same period last year.