Vu Tien Loc, President of the Vietnam International Arbitration Centre (VIAC), said that in 2021, FDI firms have been greatly affected by Covid-19 pandemic. As of November 2021, total FDI poured into Vietnam reached 26.46 billion USD. However, only 15.5 billion USD had been disbursed, down 4.1 percent year on year, he noted.

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Thargbodee Serng Adichaiwit, Chairman of the Thai Chamber of Commerce in Vietnam, said that from October this year when Ho Chi Minh City reopened and the Government of Vietnam switched its anti-pandemic strategy to flexible adaption, Thai firms have recovered their production. He expressed his belief that with the strategy, Vietnam will secure fast recovery and attract more FDI.

He said that many Thai enterprises are interested in investing in Vietnam to exploit the huge consumer market and the strong commitments by the Government and localities of Vietnam in improving the business environment.

Cao Thi Phi Van, Vice Director of the Investment and Trade Promotion Center (ITPC) of Ho Chi Minh City, said that this year is an extremely difficult year for the city and the business community as well.

However, FDI flow into the city has been at highest level among localities nationwide with nearly 49 billion USD, accounting for 12.1 percent of total FDI poured into Vietnam, she said, adding that the city has still played the role of an economic motivation of the country by contributing over 22 percent to the national GDP and more than 26 percent to the State budget.

Lauding Vietnam’s adaptation capacity, Catherine Tran, Director of Leonglee International Ltd, said that currently, many businesses have already recovered and become well prepared for Covid-19.

She held that along with its negative impacts, Covid-19 has prompted businesses to improve their capacity in designing their long-term business strategies and become ready for every change to rise up.

Bac Giang attracts high FDI flow

(BGO) – The Industrial Park Management Board (IPMB) in Bac Giang province has given a nod to ET Enegy Techology Company Limited in Van Trung industrial park  to add more 30 million USD to its solar panel production project, making total capital of the project up to 87 million USD.  

FDI enterprises recover quickly, pay high taxes

(BGO) - In May and June this year, the Covid-19 outbreak in Bac Giang province had negative impacts on the activities of busineses, including foreign direct investment (FDI) enterprises, in industrial parks. However, with their efforts to overcome difficulties, these enterprises quickly restored production and business, making positive contributions to the state budget.

September bounce boosts Vietnam's FDI figures

Foreign Direct Investment (FDI) inflow this year as of September 20 grew by more than 4 percent year-on-year thanks to gains recorded this month.

Bac Giang stimulates FDI flows in new normal condition

(BGO) - Along with many localities in the country, Bac Giang province has been heavily affected by the Covid-19 pandemic. Recognizing its advantages and overcoming difficulties, the province has achieved high results in attracting investment, especially foreign direct investment (FDI). However, to continue to stimulate this capital flow, breakthrough solutions are needed.

Vietnam may attract US$30 billion in FDI this year: experts

Vietnam may attract about US$30 billion in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2%, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of Covid-19.

Source: NDO/VNA