Foreign direct investment in first 11 months up slightly

ABO/NDO - Total foreign direct investment (FDI) pledges to Vietnam in the first 11 months of 2021 were estimated at 26.46 billion USD, up slightly by 0.1% compared with the same period last year.

Disbursement during the period reached 17.1 billion USD, down 4.2% from the previous year, according to the Foreign Investment Agency.

As of November 20, there were 34,424 active FDI projects in Vietnam, with total pledges of 405.9 billion USD, of which 61.3% or 249 billion USD have been disbursed.

FDI disbursement during the period reached 17.1 billion USD.

During the January-November period, Singapore was the largest foreign investor in Vietnam, with 7.6 billion USD, followed by the Republic of Korea with 4.36 billion USD and Japan with 3.7 billion USD.

Long An was the largest recipient of FDI, attracting 3.76 billion USD. Ho Chi Minh City came second with 3.43 billion USD and Hai Phong came third with 2.8 billion USD.

Manufacturing was the most attractive sector to foreign investors, receiving pledges of 14 billion USD, followed by power generation and distribution with 5.7 billion USD.

Exports by foreign-invested firms, including oil, rose 19.7% during the first eleven months to nearly 220.2 billion, accounting for 73.6% of Vietnam’s total exports.

The foreign sector also imported 195.5 billion worth of goods, up 29.5% and accounted for 65.5% of the country’s total.

(Source: NDO)