FDI increases by 4.4% over nine months

Friday, September 24, 2021  14:57

VOV.VN - Vietnam has attracted over US$22 billion in foreign direct investment (FDI) during the opening nine months of the year, representing a rise of 4.4% against the same period from last year, according to the Foreign Investment Agency (FIA).

The figure comes as a surprise as the initial eight month FDI dropped by 2.1% to US$19.12 billion due to the impact of the prolonged COVID-19 outbreak.

Most notably, the country attracted 1,212 new FDI projects with a total registered capital of US$12.5 billion, representing an annual rise of 20.6%

Adjusted capital increased by 25.6% with 678 projects, while capital contribution and share purchases made by foreign investors declined by 43.8% to roughly US$3.2 billion year-on-year.

The nine-month period witnessed FDI projects disburse a total of US$13.28 billion, marking a fall of 3.5% against the same period from last year.

The FIA has attributed this decline to the complicated developments of the COVID-19 pandemic in recent months which has forced several factories to suspend their operations or reduce their production capacity.

There were a total of 94 countries and territories investing in Vietnam in the reviewed period, of which Singapore took the lead, pouring nearly US$6.3 billion in capital, or 28.4% of the country’s total.

The Republic of Korea and Japan ranked second and third, with total investment capital reaching over US$3.9 billion and US$3.3 billion, respectively.

Foreign financiers invested in 58 provinces and cities nationwide in the reviewed period, in which Long An took the lead, attracting US$3.6 billion or 16.4% of the country’s total.