Billions of dollars investment flows into Vietnam in during the Covid-19 pandemic time

According to the data of the Ministry of Planning and Investment, until September 20th, 2021, 1,212 foreign investment projects had been registered (a decrease of 37.8% in 2020), however, the total of registered capital reached USD 12.5 billion (an increase by 20.6% over the same period). This information shows that the foreign investment projects in Vietnam had been increased in scale.

In addition, the total of newly registered capital, adjusted and contributed capital to buy shares, buy capital contribution of foreign investors through M&A reached USD 22.15 billion, increased 4.4% over the same period in 2020. There were 678 times of projects registered to adjust their investment capital (a decrease of 15% last year), however, the total registered capital increased to over 6.4 billion USD (an increase of 25.6% over the same period). There are proofs to show that investors already present in Vietnam are continuing to put their faith in the business plan in Vietnam.

In 2021, although Vietnam’s economy meets many challenges because of the Covid-19 pandemic, many foreign investors still believe in the future recovery and invest in Vietnam.

In Dong Nai province, in the first 9 months of 2021, investors establish company with the total amount of new investment increased by 25% over the same period and reached 88% of the plan of 2021. In which, there were 42 new projects with the registered capital increasing by 50.1% over the same period and reaching 62.7% of the plan of 2021.

Bac Ninh province is the province that attracted USD 20.4 billion from foreign investors. For many years, Bac Ninh province focuses on attracting FDI company to set up company to invest in high technology, with electronic technology as the main product. In the total foreign investment capital, the number of FDI investment capital in the technology sector accounted for 86%. Therefore, Bac Ninh is the province nation’s leading technology development, second in export turnover and 6th in attracting investment.

General Director of Samsung Vietnam shared: Not only for Samsung but also for all foreign investors, Vietnam is providing an attractive investment environment such as abundant labor source, stable socio-political situation, production and circulation infrastructure, and investment incentives. “Recently, there have been many negative effects arising from the COVID-19 pandemic, however, in the long term, Vietnam remains an attractive investment destination for foreign investors”.

Based on the opinion of the Ministry of Planning and Investment, the foreign-invested business community highly appreciates the Government’s efforts in responding to the epidemic, expressing optimism about Vietnam’s economic recovery and commits to continue investing and doing business in the long term, especially when the Prime Minister directs to build a safe adaptation roadmap and determine a new perspective on anti-epidemic.