Vietnam remains an attractive destination for foreign investment
VOV.VN - Despite being heavily impacted by the COVID-19 pandemic, over US$26 billion of foreign direct investment (FDI) capital has been poured into the country over the past 11 months, with this figure expected to continue growing by the end of this year.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, many localities nationwide with high FDI capital are making every effort to support businesses through incentive policies. The primary aim of this is to maintain production and labour resources, as well as minimizing disruptions to the supply chain of materials and goods, indicating that the country remains an attractive investment environment for foreign investors.
Domestically, due to the impact of the COVID-19 pandemic, a number of factories have temporarily suspended or reduced their operational capacity. However, the number of FDI projects worth over US$50 million has seen a sharp increase.
The Foreign Investment Agency has granted investment licenses to a total of 1,577 newly-registered capital projects with a value of more than US$14 billion.
Furthermore, the investment capital of as many as 877 projects has been adjusted to surge by more than US$8 billion, an increase of 26.7% over the same period from last year.
Do Nhat Hoang, head of the Foreign Investment Agency, said, “The good sign is that investment projects in Vietnam are aiming for high added value. I believe that investors will pay more attention to Vietnam. Investors are currently very interested in the processing industry. We are aiming for a high value-added industry to enable Vietnamese businesses to participate in supply and value chains, which are investment flows into Vietnam.”
Vuong Quoc Tuan, vice chairman of Bac Ninh Provincial People's Committee, emphasized the need to take every measure in order to make the country a safe destination for foreign investment and to promote national development.
The Government, Prime Minister, ministries, and sectors always accompany and share difficulties faced by businesses, whilst striving to fulfill the highest goal of safe adaptation, flexible and effective control of the COVID-19 pandemic.
In line with this, ministries, sectors and localities continue to consider ways to resolve difficulties and remove obstacles for financiers so that they can rest assured of long-term investment in the Vietnamese market, Tuan added.