Despite COVID-19, the number of newly licensed FDI projects in Vietnam in 2021 increased 4% in value, even though they decreased 31% in number. As of December, 2021, Vietnam had attracted more than 31 billion USD from foreign investors, including new and adjusted capital and share purchases, which were up 9.2% against 2020. The average investment project is worth 9 million USD, double one year before

Do Nhat Hoang, Director of the Foreign Investment Agency of the Ministry of Planning and Investment, said, “Projects in manufacturing and processing industries and electrical and electronic industries are increasing and now account for nearly 60% of the total number of projects. Last year saw many new investment projects in semiconductor manufacturing.”

Economist say COVID-19 is reshaping the investment flow into Vietnam. Now investors are choosing an investment destination based on business environment, low labor costs, the possibility of absorbing new technology, and added value in the supply chain.

According to the American Chamber of Commerce in Vietnam, 80% of foreign enterprises rate investment in Vietnam as positive or very positive in terms of medium or long-term prospect.

Standard Chartered Bank said that more than 40% of surveyed international companies are studying manufacturing activities in Vietnam or planning to set up headquarters here.

Source: VOV5