The number of foreign-invested projects licenced fell by 37.8% year on year, with 1,212 projects. However, the total registered capital of these projects reached nearly 12.5 billion USD, up 20.6% over the same period of 2020. Thus the scale of FDI projects increased.

Though the newly registered capital decreased, the total additional registered capital reached over 6.4 billion USD, up 25.6% year on year. This is an indicator that foreign investors in Vietnam still trust in their business plans.

As of September 20, 2021, the total newly registered, adjusted and contributed capital of foreign investors reached 22.15 billion USD, an increase of 4.4 % over the same period of 2020.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc told a recent webminar that this showed the trust of foreign investors in the business investment environment in Vietnam and affirmed the effectiveness of the companion and support solutions provided by the government.

Vice Chairman of the southern province of Dong Nai Nguyen Thi Hoang said that in January - September 2021, the total amount of newly attracted investment capital in the province increased by 25% year on year, reaching 88% of the plan for entire 2021. There were 42 newly-licenced projects with a total registered capital of 50.1% up over the same period of 2020, fulfilling 62.7% of the plan for 2021.

Attracting 20.4 billion USD of foreign investment capital so far this year, the northern province of Bac Ninh focused on attracting FDI in high technology. Foreign investment capital in the technology sector accounted for 86% of the total FDI capital in this province.

General Director of Samsung Vietnam Choi Joo Ho said that Vietnam offers an attractive investment environment such as abundant labor force, stable socio-political situation, favorable production and circulation infrastructure and investment incentives.

"Recently, there have been many negative effects arising from the COVID-19 pandemic, but, in the long run, Vietnam remains an attractive investment destination for foreign investors," Mr. Choi said.

According to the leader of the Ministry of Planning and Investment, the foreign-invested business community praised the Vietnamese Government's efforts in responding to the epidemic and they expressed optimism about Vietnam's economic recovery and committed to continue investing and doing business in the long term, especially after the Vietnamese Prime Minister instructed to build a safe adaptation roadmap and determine a new perspective on anti-epidemic measures.

Luong Bang

Foreign investors in Vietnam and the “win-win” situation

Despite the impact of the pandemic in recent months, business results of FDI enterprises in Vietnam in the past eight months show a promising picture.