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COVER STORY

FAITH UNSHAKEN

Figures paint a positive picture of FDI in Vietnam as the country maintains
its promise as an investment destination with potential.

NGOC LAN Reports

fter months of decline due to year-on-year, while additional capital accounting for 28.7 per cent of the total.
Covid-19, FDI attraction rose reached over $8 billion, up 26.7 per cent. South Korea ranked second, with $4.36
Aslightly in November. As of the According to MPI, both new and addi- billion, accounting for 16.5 per cent of
20th of the month, total registered foreign tional capital increased strongly year-on- the total, followed by Japan with nearly
investment in Vietnam stood at $26.46 year because a number of billion-dollar $3.7 billion, accounting for nearly 14 per
billion, up 0.1 per cent year-on-year, projects were registered in the period and cent. Though South Korea ranked second
according to the Ministry of Planning many existing projects added capital, such in terms of investment capital, it was the
and Investment (MPI). Vietnam quite as the Long An LNG Power Project from leader in terms of new project numbers,
clearly continues to be an attractive des- Singapore, with $3.1 billion, LG Display projects receiving additional capital, and
tination for foreign investors. Hai Phong from South Korea, with $2.15 projects with capital contributions and
billion, and the O Mon II Thermal Power share purchases.
DIFFERING CONTEXT from Japan, with $1.31 billion. Foreign investors have invested in 18 of
Of the total mentioned above, newly- Of the 100 countries and territories Vietnam’s 21 economic sectors. Processing
registered capital in the first eleven months investing in Vietnam in the first eleven and manufacturing leads the way with over
was nearly $14.1 billion, up 3.76 per cent months, Singapore led with $7.6 billion, $14 billion, or 53 per cent of the total.

PHOTO: VIET TUAN

8 | VIETNAM ECONOMIC TIMES | DECEMBER 2021 www.en.vneconomy.vn