Foreign investors poured US$23.74 billion in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1% year-on-year, reported the Ministry of Planning and Investment (MPI).

Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19.

Foreign corporate executives remain optimistic about Vietnam’s economic prospects despite the new COVID-19 outbreak that prompted the imposition of social distancing in some localities, especially in the central city of Da Nang.