Bigger and better FDI projects’ inflow into Vietnam
(VOVWORLD) -By the end of August, the total registered foreign investment capital in Vietnam reached 16.7 billion USD and the implemented capital was 12.8 billion USD, up 10.5%. The investment quality of projects improved, averaging 14.7 million USD per project, higher than last year's figure of 10 million USD per project, the Ministry of Planning and Investment said on Wednesday.
 Chairman of Binh Duong Provincial People's Committee Vo Van Minh presents the Investment Certificate to a representative of LEGO Group and an investor of VSIP3 Industrial Park. Photo: Chi Tuong/VNA
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The Ministry’s Foreign Investment Agency held a briefing in Binh Duong province on Wednesday on attracting foreign direct investment (FDI) in the 8 months of 2022 as Vietnam is forecast to welcome a sharp increase in FDI.
Do Nhat Hoang, Director General of Foreign Investment Agency, said that amid the volatile world situation, investors are planning to restructure investment capital and shift their capital flows to other markets, including Vietnam. Vietnam needs to seize the opportunity and provinces and cities should create regional links and form an ecosystem attractive enough to lure technology investors, he said.
The most attractive ecosystem today is the production of electronic chips and domestic enterprises have caught up with this trend and have linked into supply chains and outsourced their components.
In the medium term, from two to three years, tech groups still prioritize Vietnam as an investment location or expand investment, especially in the manufacturing and processing sectors, according to the Foreign Investment Agency.