Vietnam attracts nearly 5 billion USD of FDI in two months
Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Hanoi (VNA) – Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
As of February 20, 183 new projects had been licenced, a rise of 45.2 percent year on year, with their combined capital totaling 631.8 million USD, down 80.9 percent year on year.
Meanwhile, nearly 3.6 billion USD was added into 142 underway projects, over 2.2 times than that in the same period last year. Foreign investors also injected 769.6 million USD into share purchase deals, up 41.7 percent.
At the same time, 2.68 billion USD of foreign investment had been disbursed in the period, a year-on-year rise of 7.2 percent.
FDI was poured in 17 out of the 21 economic sectors, with the highest amount on processing-manufacturing sector at 3.13 billion USD. It was followed by real estate with nearly 1.52 billion USD, and science-technology and power production and distribution with 109.6 million USD and 60 million USD, respectively.
The agency said that 51 countries and territories have invested in Vietnam, led by Singapore with over 1.7 billion USD, accounting for 34.2 percent of the total FDI that Vietnam attracted in two months, and representing a rise of 59.3 percent year on year. China ranked second with 538 million USD.
Bac Ninh led the 63 localities nationwide in FDI attraction by luring over 1.3 billion USD, accounting for 26.5 percent of the total FDI in Vietnam and rising by nearly 7.6 times over the same period last year. With two large-scale projects, Thai Nguyen came second with nearly 924 million USD.
Meanwhile, Ho Chi Minh City attracted the highest number of new FDI projects.
The export revenue of the foreign-invested sector rose again in February to more than 41.9 billion USD after a slight drop in January.
Leaders of the agency advised ministries and sectors to strengthen trade promotion and diplomatic activities to make the full use of the EU-Vietnam Investment Protection Ageeement (EVIPA) that is expected to become effective soon, while improving their business and investment environment as well as human resources quality, and strengthening the connections between domestic firms and their foreign peers./.
Viewed as an attractive investment destination, yet Vietnam still needs more attention to green and low-carbon economic development so as to sustainably attract foreign direct investment (FDI), according to experts.
An article recently posted on digitimes.com.tw, a media outlet of Taiwan (China), has said despite a year full of challenges in 2021, the Vietnamese economy has not been hampered by supply chains disruptions but sustains its positive outlook and stature as a global manufacturing hub in 2022.
Vietnam remains an attractive destination for Foreign Direct Investment (FDI), which is likely to experience a surge in 2022 after a long hiatus due to the pandemic, according to economic experts.
Vietnamese and Singaporean businesses signed cooperation deals worth nearly 11 billion USD at the Vietnam-Singapore business dialogue on February 25, which was attended by President Nguyen Xuan Phuc.
Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Source: VNA) 
