FDI Value Increases in Both New and Existing Projects

Foreign investors invested US$23.74 billion as of October 20, 2021, up 1.1% over the same period of 2020, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).

Foreign investors have invested in 18 out of 21 industries. The processing and manufacturing sector took the lead with US$12.74 billion, accounting for 53.7% of the total. The electricity production and distribution sector ranked second with US$5.54 billion, accounting for 23.3%, followed by real estate and retail sectors with US$2.12 billion and over US$803 million, respectively.

By project, processing and manufacturing, wholesaling and retailing, and technological profession sectors attracted most projects, accounting for 33.1%, 27.8% and 16% of total projects, respectively.

As many as 97 countries and territories invested in Vietnam. Singapore was the biggest investor with US$6.77 billion, accounting for 28.5% of the total. South Korea ranked second with US$4.15 billion (accounting for 17.5%), up 21.3% year on year. Japan ranked third with nearly US$3.4 billion (accounting for 14.3%), up 89.9% year on year.

By Ha Linh, Vietnam Business Forum