In January, the total newly registered capital, capital contributed and shares purchased by foreign investors reached 5.33 billion USD, up 179.5 percent against the same period last year.

The investment disbursement was estimated at 1.6 billion USD, a year-on-year rise of 3.2 percent.

According to head of the foreign investment department under the Ministry of Planning and Investment Do Nhat Hoang, a major group from the US is considering the registration of new projects worth billions of USD in Vietnam.

Businesses of other countries have also arrived in Vietnam to study power and infrastructure projects.

The Japan External Trade Organisation (JETRO) reported that 122 Japanese businesses have decided to remove their production activities from China and over 42 percent of the firms surveyed revealed that Vietnam is a leading destination.

Director General of the General Statistics Office (GSO) Nguyen Bich Lam has forecast the outbreak of SARS-CoV-2 could speed up the removal of production facilities of foreign investors in China to other countries, including Vietnam./.

FDI enterprises in Vinh Phuc active in fighting Covid-19

Many foreign-invested enterprises in Vinh Phuc, where 11 out of 16 Covid-19 cases in Vietnam have been confirmed, have taken measures to curb the virus spread, ensuring labourers’ health.

FDI in Vietnam expected to surge after the epidemic

 As a major foreign investment hub, China is hit hard by the new strain of coronavirus, now known as Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment.