Foreign investors poured nearly $5 billion into Vietnam, equivalent to 91.5 percent from the same period last year on Feb. 20, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

Notably, the realized volume of foreign direct investment (FDI) in the past two months was estimated at $2.68 billion, up 7.2 percent year-on-year.

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“Despite struggling for two years with the COVID-19 pandemic, Vietnam’s international trade activity still set a new record by taking advantage of the great opportunities of free trade agreements” Sophie DaoPartner at GBSsaid one of the top investment consultancies in Vietnam.

The manufacturing and processing industries led the way in attracting foreign direct investment with US$3.13 billion, accounting for 62.7 percent of total registered capital. It was followed by the real estate sector with US$1.52 billion.

During the period reviewed, Singapore remained Vietnam’s largest investor at $1.7 billion, or 34.2 percent and an increase of 59.3 percent.

The Republic of Korea and China occupy the second and third position with US$1.4 billion and US$538 million respectively.

“More and more foreign investors are coming to Vietnam, gradually making Vietnam a new production base of the world,” added Sophie.



Source: Vietnam Insider

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