Illustrative image (Photo: VNA) Nguyen Anh Duong, director of the general researchdepartment under the Central Institute for Economic Management (CIEM), saidthat the fact that Vietnam is among countries with positive economic recovery in2022 and in the recovery momentum of the Asian production network will make animportant contribution to accelerating foreign investment attraction.
Thargbodee Serng Adichaiwit, deputy chair of the ThaiChamber of Commerce and Industry, said that Vietnam’s economic growth candouble in 2022 compared to that of this year, thus making Thai investors pourmore capital in Vietnam in the time to come.
Many Thai businesses want to invest in Vietnam when thepandemic is under better control. They have faith in Vietnam due to its largeconsumer market and commitments to improve its business climate, he stated.
FDI registered in Vietnam reached 26.46 billion USD as of November 20 (Photo: VNA) Notably, the total additional registered capital stood atover 8 billion USD, an annual rise of 26.7 percent.
During the period, 14.1 billion USD was poured into 1,577newly-licensed projects, up 3.76 percent in value but down 31.8 percent involume over the same period last year.
The remaining investment capital was used for capitalcontribution and share purchases in a total 3,466 transactions.
Foreign investors landed investments in 18 sectors, withprocessing and manufacturing absorbing the largest amount of capital (over 14billion USD or 53 percent), followed by power generation and distribution (over5.7 billion USD), real estate (2.41 billion USD), and wholesale and retail sale(1.27 billion USD).
It is estimated that in the last month of the year, severalbillion USD in FDI will be added to Vietnam’s total investment attraction thisyear.
The move in recent days has shown a more positive trend inFDI attraction. For example, LEGO Group recently signed an agreement to investin an one-billion USD project in Binh Duong province. In addition, within theframework of the visits to India and the Republic of Korea by NationalAssembly Chairman Vuong Dinh Hue, multi-billion-USD cooperation agreements werealso signed, in which, Dai An Group in Hai Duong province signed a memorandumof understanding on the construction of a 500 million USD Pharmacy Park with India’sSri Avantika Contractors Ltd.; and Saigon Telecommunications Technology JointStock Company (SAIGONTEL) and Ecologic Engineering Private Limited of India signeda cooperation agreement in the fields of infrastructure development, industryand innovation with an investment value of up to 4 billion USD./.
VNA
