(VOVWORLD) - Vietnam raked in 16.7 billion USD in foreign direct investment (FDI) in the first seven months of 2021, down 11% from the same period last year, according to the Ministry of Planning and Investment.
This is the biggest reduction in FDI inflow since the COVID-19 pandemic resurfaced in late April, wreaking havoc on multiple industrial parks in the northern provinces of Bac Giang and Bac Ninh, although 1,000 new projects have been licensed.
Of the 18 sectors receiving FDI, the manufacturing and processing industry has received the most (7.9 billion USD), followed by electricity production and distribution and real estate.
Among the 86 countries and territories investing in Vietnam, Singapore was the biggest investor (5.92 billion USD), followed by Japan (2.54 billion USD). A majority of the FDI went to new projects.
Long An province in the Mekong Delta was the largest recipient of FDI (3.58 billion USD), followed by Ho Chi Minh City, Can Tho, Hai Phong, and Hanoi.