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Vietnam attracts 31 billion USD in foreign direct investment for 2021

Pledges of foreign direct investment (FDI) to Vietnam in 2021 were estimated at 31.15 billion USD, up 9.2% from the previous year, despite the impacts of Covid-19, according to the Foreign Investment Agency (FIA).

The figure included 15.2 billion USD poured over 1,738 new projects, 9 billion USD invested in 985 current projects and 6.9 billion USD worth of share purchases, data as of December 20 showed.

Vietnam, foreign direct investment, FDI, impacts of Covid-19, share purchases, most attractive sector,  largest foreign investor

A foreign firm in Hai Phong.

The FIA said the total FDI pledges rose but the number of projects fell sharply as a result of Vietnam’s selective policy which dismissed small projects with little added value.

Manufacturing was the most attractive sector to foreign investors, receiving 18.1 billion USD, accounting for 58.2% of the total capital pledges, followed by electricity generation with 5.7 billion USD.

The largest foreign investor in Vietnam during 2021 was Singapore at 10.7 billion USD, followed by the Republic of Korea and Japan, which invested 5 billion USD and 3.9 billion USD respectively.

In 2021 the port city of Hai Phong became the largest recipient of foreign investment with 5.26 billion USD, while Long An came second with 3.84 billion.

Ho Chi Minh City ranked third with 3.74 billion USD.

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Total foreign direct investment (FDI) pledges to Vietnam in the first 11 months of 2021 were estimated at 26.46 billion USD, up slightly by 0.1% compared with the same period last year.
 
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Source: NDO

Vietnam, foreign direct investment, FDI, impacts of Covid-19, share purchases, most attractive sector, largest foreign investor
 
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