The amount of Foreign Direct Investment (FDI) realized in Vietnam in the first 7 months of the year was estimated at USD 11.57 billion, an increase of more than 10% from the same period last year.

The above results show that foreign investors continue to place their trust in the Vietnamese economy and investment environment. Many FDI companies decided to invest in expanding existing projects.

Foreign direct investment flows most to the manufacturing sector with over USD 252 billion. Many major industrial groups in the world are continuously expanding their investments in Vietnam after a period of effective functioning. This explains the nearly 60% increase in additional registered foreign direct investment in the first 7 months of this year.

mr. Robert Wu – Chairman and CEO of Sharp Corporation (Japan) said: “We will continue to invest in expanding both our business and manufacturing facilities here. Vietnam’s economy is expected to accelerate in recovery and develop further after the pandemic. The government also gives a lot of incentives to FDI companies, which is the motivation for us to continue to contribute to the development of Vietnam.”

“Vietnam will continue to attract a strong influx of foreign direct investment, even as one of the leading countries in the region in this regard. The bulk of FDI will go to manufacturing, a sector driven by export growth and the emergence of new jobs,” said Ms Sagarika Chandra, Fitch Ratings Country Credit Director in the Asia-Pacific region. pacific.

According to the Foreign Investment Agency, 78 countries and territories have new project licenses this year and Denmark is the largest investor with $1.32 billion. Specifically, LEGO’s decision to set up the world’s first carbon neutral factory in Vietnam with an investment of USD 1 billion.

“We expect this plant to be commissioned in 2024 and to continue to operate in Vietnam for another 50-100 years,” said Carsten Rasmussen – Operations Director, LEGO.

Many FDI companies have decided to build R&D centers in Vietnam, demonstrating their determination to take Vietnam beyond the role of a manufacturing point to become a priority strategic base of the group.

@ cafefu



Source: Vietnam Insider

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