Business
Vietnam attracts FDI projects amid Covid-19
  • | laodong, dtinews.vn | May 16, 2021 09:40 AM
Vietnam has registered 33,000 FDI projects worth USD394bn since the start of the year, according to the Ministry of Planning and Investment.

  

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The data was released by the ministry on May 14. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that Vietnam was still trying to fight Covid-19 while supporting the economic recovery. In 2020, Vietnam was among a few countries that had a positive GDP growth of 2.91%. The situation in 2020 and the first four months of 2021 has remained stable. GDP growth for 2021 has been set at 6.7%.

As of now, 33,000 FDI projects from firms from 140 countries worth total investment of USD394bn has been recorded. Despite FDI investment across the world hasn't picked up, Vietnam has recorded over USD12bn in investment from FDI projects in the first four months of 2021, an increase of 24.7% compared to the same period last year.

Ngoc went on to say that a team to promote foreign investment co-operation has been set up to support FDI firms in Vietnam.

Regulations in the Investment Law, Enterprise Law and the regulations on investment under the public-private partnership model were also reviewed and revised to be simpler and more transparent. Incentives would also be given to large-scale projects that greatly contribute to Vietnam.

Vietnam also has the access to the markets in 55 countries, including 15 countries in the G20 Group, after joining various trade agreements like the Regional Comprehensive Economic Partnership, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and the European Union Vietnam Free Trade Agreement.

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