Vietnam posts positive signs in FDI attraction despite COVID-19
(VOVWORLD) - Vietnam’s success in the fight against COVID-19 and its stability have increased its competitiveness and resulted in foreign direct investment (FDI) attraction since the start of the year, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, Do Nhat Hoang, has said.
Vietnam clearly exhibits stability in macro-economics and politics and boasts a high level of prestige in investment attraction, as the number of large-scale energy and processing-manufacturing projects applying technology in key sectors has been on the rise.
As of April 20, foreign investors had pumped more than 12 billion USD into Vietnam this year, almost doubling the amount recorded in the same period last year.
Among the 67 countries and territories with investment projects during the period, Singapore led with 4.8 billion USD, followed by Japan and the Republic of Korea.