Vietnam attracts FDI in 2021

In 2021, due to the impact of the Covid-1 epidemic, the economy of Vietnam and the whole world was severely affected. However, with the goal of preventing the epidemic and developing the economy, Vietnam has achieved many high results in attracting foreign investors to invest in Vietnam to set up company in Vietnam, manufacturing facilities.

According to the latest data from the General Statistics Office-Ministry of Planning and Investment, the total amount of Foreign Direct Investment (FDI) registered into Vietnam until December 20th, 2021 includes new investment certificate issuance, registration adjustment and the value of capital contribution and share purchase by foreign investors reached USD 31.15 billion, increased 9.2% compared to 2020.

In 2021, there are 1,738 newly licensed investment projects, with a registered capital of 15.25 billion USD, an increase of 4.1% in registered capital compared to the previous year. Regarding adjusted capital registration, the adjusted investment capital increased by USD 9.01 billion, up to 40.5% compared to 2020. Regarding registered capital contribution and share purchase by foreign investors: there were 3,797 times with a total value of capital contribution of USD 6.89 billion, of which, 1,535 times of registered capital contribution and share purchase increased the charter capital of the enterprise with a capital contribution value of USD 5.03 billion and 2,262 times of foreign investors who buy the domestic shares without increasing charter capital with a value of USD 1.86 billion.

Foreign investors have invested in 18 industries out of a total of 21 national economic sectors. In which, the processing and manufacturing industry leads the way with a total investment of over USD 18.1 billion, accounting for 58.2% of the total registered investment capital. Although the electricity production and distribution industry have attracted a small number of new and adjusted projects as well as registered capital contribution and share purchase, there are projects with large capital scale, so it ranks second with a total investment of over USD 5.7 billion, accounting for 18.3% of the total registered investment capital. Next is the real estate business; wholesale and retail with a total registered capital of over USD 2.6 billion and over USD 1.4 billion.

There have been 106 countries and territories investing in Vietnam in 2021. In which, Singapore leads with a total investment capital of over USD 10.7 billion, accounting for 34.4% of total investment capital in Vietnam, increase of 19.1% over the same period in 2020; Korea ranked second with nearly USD 5 billion, accounting for 15.9% of total investment capital, up to 25.4% over the same period. Japan ranked third with a total registered investment capital of nearly USD 3.9 billion, accounting for 12.5% ​​of total investment capital, up to 64.6% over the same period. Followed by China, Hong Kong, Taiwan,…

Foreign investors have invested to set up company in 59 provinces and cities in Vietnam in 2021. Hai Phong overtakes Long An to take the lead in the whole year with a total registered investment capital of over USD 5.26 billion, accounting for USD 5.26 billion, counting for 16.9% of the total registered investment capital and nearly 3.5 times higher than the same period in 2020. Long An ranked second with over USD 3.84 billion, accounting for 12.3% of the total investment capital of the country. Ho Chi Minh City ranked third with nearly USD 3.74 billion, accounting for nearly 12% of total investment capital, down 14.2% over the same period. Next are Binh Duong, Bac Ninh and Hanoi respectively.

In 2021, despite having to implement policies to minimize the spread of the disease, Vietnam still implements economic development policies and cooperates with other countries and regions around the world for commercial development. The above-mentioned achievements in attracting foreign investment in 2021 are the result of Vietnam’s constant efforts. Vietnam is still continuing to implement many policies to attract investment and develop trade with other countries and regions, making Vietnam a top destination for big investors in the world.

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