Tag: FDI attraction

The capital city drew $3.76 billion worth of FDI capital in the period.

2,492 new FDI projects granted investment licenses in the period.

The province targeting $1 bln of FDI this year.

The southern province remaining one among top three localities in FDI attraction.

For the first time in 30 years, southern Dong Nai province has lost its place in the top 5 localities regarding domestic investment and FDI. In the first eight months of the year, domestic investment and FDI in the province equaled just 6.93 per cent and 68 per cent, respectively, of the figures in same period last year. Reasons include bottlenecks in regulations and a limited land fund, resulting in investors moving to other localities.

Latest report from Vietnam Association of Foreign Invested Enterprises suggests measures to address underlying difficulties in the FDI sector.

According to the Ministry of Planning and Investment, total additional FDI capital reached nearly $5.29 billion in the first four months of 2022, up 92.5 per cent year-on-year, while the total value of capital contributed to buy shares was more than $1.83 billion, up 74.5 per cent. Newly-registered FDI, meanwhile, fell during the period.

Analysts believe Vietnam’s real estate sector still holds significant potential in attracting foreign investment.

A number of important cooperation documents worth billions of USD have been signed recently, with foreign investors committing to further expanding their investment and revealing their confidence in Vietnam’s investment environment. The goal of attracting $40 billion in FDI this year is entirely feasible.

Leaders from Hai Duong expect the Ministry of Foreign Affairs to offer support in attracting FDI.

Good control over Covid-19 is considered necessary to attract FDI, not only this year but during the entire 2021-2025 period. Total registered FDI reached $16.7 billion in the first seven months of 2021.