Vietnam may attract about US$30 billion in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2%, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of COVID-19.

VOV.VN - Minister of Planning and Investment Nguyen Chi Dung says his Ministry is considering revising Vietnam’s economic growth rate target to between 3.5% and 4%, as opposed to the 6.5% originally expected, due to the negative impact caused by the COVID-19 pandemic.

Despite struggling to cope with a COVID-19 resurgence, Ho Chi Minh City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.

VOV.VN - Total foreign direct investment (FDI) registered capital decreased by 11.1% to fall to US$16.7 billion by July 20 due to the adverse impact caused by the latest COVID-19 outbreak, according to the Foreign Investment Agency (FIA).

Vietnam was named among the world’s top 20 host economies for foreign direct investment for the first time in 2020 with an inflow of US$16 billion.

The disbursement rate of public investment capital in 2021 is expected to reach between 95%-100% of the plan assigned by the Prime Minister, according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).

VOV.VN - The World Bank has said the Vietnamese economy appears to have fared relatively well in light of the fourth coronavirus outbreak, but warned several signs suggest slowdown in economic activity if the pandemic is not contained in the short term.

The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in US$6.1 billion, or over 43% of the total.

The inflow of foreign direct investment (FDI) into Ho Chi Minh City surpassed US$1.34 billion in the first five months of this year, down 16.52% year-on-year, according to the municipal Statistics Office.