Foreign investors maintain confidence in Vietnam’s economy

Updated: 13:21, 16/09/2021

Vietnam attracted US$ 14 billion in foreign direct investment (FDI) in the first eight months of this year, only 2% lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms.

Vietnam’s investment shifting could boost economic resilience

Bac Giang strives to disburse 60 percent of the public investment capital

Vietnam remains favoured destination for foreign investment despite Covid-19: Australian newspaper

Of the investment capital, up to 11.7% has been disbursed, up 2% as compared with the corresponding time last year.

Vietnam attracted US$14 billion in foreign direct investment (FDI) in the first eight months of this year.

In August alone, US$ 2.4 billion was registered, up 65% from the previous month, mainly additional capital injected into the processing and manufacturing industry.

However, this month’s FDI disbursement dropped 14.3% against July and 12.2% year-on-year as the social distancing order has been imposed in major economic centres.

Budget collection in August also went up 13.9% while total spending reduced 5.9% year-on-year.

According to the World Bank, Vietnam’s economic recovery in the fourth quarter will depend on the government’s capacity for Covid-19 containment, stressing the urgency of vaccination, with at least 70% of adults to be injected.

It suggested the government employ more measures to boost domestic demand and speed up public investment disbursement and the implementation of supportive packages for people, enterprises and household businesses.

Vietnam’s overseas investment soars 74% in eight months

Vietnam’s overseas investment surged 74.1% year on year to US$575 million in the first eight months of 2021, according to the Ministry of Planning and Investment.

Vietnam and Chile strengthen trade and investment cooperation

The Vietnamese Embassy in Chile and the Chile-Vietnam Chamber of Commerce have held a seminar to examine cooperation opportunities for 2021-2022 as part of the activities marking the 50th founding anniversary of Vietnam-Chile diplomatic relations.

Bac Giang approves 7 projects for investment

(BGO) – The People’s Committee in Bac Giang province has approved for the list of seven projects for investment attraction in Viet Yen, Luc Nam and Tan Yen districts.

Bac Giang attracts over 870 million USD of investment in eight months

(BGO) – The northern province of Bac Giang attracted total investment of 72.4 million USD in August 2021, accounting for 93.18 percent against the figure at the same period last year.

Foreign investment poured in Vietnam despite Covid-19

Despite impacts of the Covid-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, technology website Digitimes, based in Taiwan (China), has reported.

Source: NDO/VNA