FDI inflow into Vietnam still on upturn trend despite COVID

(VOVWORLD) - Despite the COVID-19 pandemic, the inflow of foreign direct investment (FDI) to Vietnam still rose 4.4% year on year in the past nine months to more than 22 billion USD.

FDI inflow into Vietnam still on upturn trend despite COVID - ảnh 1Despite COVID-19 impacts, Nestlé has announced that it will invest an additional 132 million USD in Vietnam. (Photo: congthuong.vn)

An upturn was recorded in both investment value to new projects as well as additional capital to existing ones.

Vietnam saw many large-scale FDI projects in the January-September period. Many foreign investors have remained optimistic about the business and investment environment in the country, and affirmed that Vietnam will still be a top choice for their new and expanded projects.

Binu Jacob, CEO of Nestle Vietnam, pledged that the company will continue to expand its investment and make more contributions to the country’s sustainable growth and socio-economic development.

Choi Joo Ho, General Director of Samsung Vietnam, said that Vietnam is providing an attractive investment environment for foreign investors thanks to its numerous advantages.

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