According to the Ministry of Planning and Investment’s Foreign Investment Agency, registered foreign direct investment into Vietnam up to February 20, 2022 reached nearly 5 billion USD, down about 8.5 percent from the same period in 2021 but still showing a positive signal, despite the fact that the pandemic is far from over.
The lack of large investment projects this year is the reason for the decline in FDI compared to the same period last year. Only one investment project has exceeded $100 million to date.
However, disbursed FDI increased by 7.2 percent in the first two months of this year, to 2.68 billion USD, compared to the same period in 2021. Processing and manufacturing, which accounted for 62.4 percent of total registered investment capital ($3.13 billion), real estate ($1.52 billion), research and technology skills, and energy production and distribution, are the key industries in attracting FDI.
Singapore remains the country with the greatest registered investment, accounting for 34.2 percent of total registered investment ($1.7 billion), up 59.3 percent from the same period in 2021. With $1.4 billion in registered investment, South Korea ranks second, accounting for 28.2 percent of overall investment, a reduction of 12 percent. China is the country with the third-largest investment, with $538 million.
It is envisaged that FDI will grow even more in the coming months as a result of the government’s business-friendly policies, which include lowering fees and taxes on a variety of commodities.
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