Foreign direct investment (FDI) poured into Vietnam during the first quarter of 2021 increased compared to the same period last year despite complex developments of COVID-19, which was a relatively positive result but is not sustainable, an insider has said.

Foreign direct investment (FDI) firms, rather than the domestic ones, are able to fully tap the production shift of large brands, according to industry insiders.

VOV.VN - As of March 20, Vietnam has attracted US$10.13 billion worth of foreign direct investment capital, an increase of 18.5% compared to the same period of 2020, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The central city of Da Nang has seen rosy signs regarding foreign direct investment (FDI) attraction at the beginning of the new year.

VOV.VN - Phu My town in the southern province of Ba Ria-Vung Tau province has attracted 261 projects totally capitalized at over US$16.3 billion across nine industrial zones, according to local authorities.

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.

VOV.VN - Singapore has risen to become the largest foreign investor in Vietnam this year, with total investment capital of US$9 billion, accounting for 31.5% of the overall.

The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.

VOV.VN - Vietnam and the Republic of Korea (RoK) should make a greater effort to fully tap potential for stronger cooperation, striving to raise bilateral trade to US$100 billion in the near future.

Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).