Despite impacts of the COVID-19 pandemic, the inflow of foreign direct investment (FDI) into Vietnam still rose 4.4 percent year on year in the first nine months of 2021 to 22.15 billion USD.
Despite COVID-19 impacts, Nestlé has announced that it will invest an additional 132 million USD in Vietnam. (Photo: congthuong.vn)
Hanoi (VNA) – Despite impacts of the COVID-19 pandemic,the inflow of foreign direct investment (FDI) into Vietnam still rose 4.4 percent year on yearin the first nine months of 2021 to 22.15 billion USD.
An upturn was recorded in both value of investment to newprojects as well as additional capital to existing ones. Specifically, 12.5billion USD was poured into 2,212 newly-licensed projects, up 20.6 percent overthe same period last year, while 6.4 billion USD was added into underwayprojects, a rise of 25.6 percent.
Particularly, Vietnam saw many large-scale FDI projects inthe January-September period.
According to Deputy Minister of Planning and InvestmentNguyen Thi Bich Ngoc, the result manifested the attractiveness of theVietnamese market and foreign investors’ confidence in Vietnam’s capacity incontrolling the pandemic and its economic recovery as well as theeffectiveness of measures taken by the Government to accompany andsupport businesses.
The fourth wave of COVID-19 infections in Vietnam since late Aprilthat caused prolonged social distancing in many provinces and cities nationwide has greatly affectedproduction and business activities in the country.
However, many foreign investors have remained optimisticabout the business and investment environment in Vietnam, and affirmed thatVietnam will still be a top choice for their new and expanded projects.
Binu Jacob, CEO of Nestle Vietnam, pledged that the company willcontinue to expand its investment in Vietnam and make more contributions to thecountry’s sustainable growth and socio-economic development.
Meanwhile, Choi Joo Ho, General Director of Samsung Vietnam,said that Vietnam is providing an attractive investment environment for foreigninvestors thanks to its numerous advantages./.
The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country.
In October, the Ministry of Planning and Investment (MPI) will submit to the Government an economic recovery plan, which defines the years of 2022 to 2023 as the time for the country’s recovery, according to MPI Minister Nguyen Chi Dung
The Vietnamese National Assembly will create favourable conditions for local and foreign businesses in all economic sectors to invest and do business in the country, said NA Chairman Vuong Dinh Hue at an online working session with a high-ranking business delegation from the US-ASEAN Business Council (USABC) on September 30.
Despite serious impacts of the COVID-19 pandemic, foreign investments in Vietnam in the first nine months of 2021 rose, showing investors' trust and optimism about the country’s socio-economic recovery and development in the coming time, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has said.
The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter thanks to the activeness of the business community and the Government’s efforts to remove obstacles facing enterprises, held economist Nguyen Bich Lam who is former Director General of the General Statistics Office.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Despite COVID-19 impacts, Nestlé has announced that it will invest an additional 132 million USD in Vietnam. (Photo: congthuong.vn) 
