(VOVWORLD) - Despite COVID-19 impacts, foreign direct investment (FDI) inflows into Vietnam during the first nine months of this year rose 4.4 percent year on year to 22.15 billion USD.
The Foreign Investment Agency under the Ministry of Planning and Investment said northern provinces have continued to attract investors. The Mekong Delta province of Long An attracted the highest amount of FDI with over 3.6 billion USD, accounting for 16.4% of the total registered investment in Vietnam since the beginning of the year.
Economist Le Duy Binh said: “It’s necessary to strictly prevent the pandemic, but there has been space for economic development and FDI projects to implement. Investment registration is the first step, implementing it is more important. Strict and tough pandemic prevention measures would hamper foreign and domestic businesses from implementing their projects. The most important is to have measures to adapt to the new normal.”
Singapore led 94 countries and territories investing in Vietnam in the period with total investment capital of nearly 6.3 billion USD, followed by the Republic of Korea with over 3.9 billion USD, and Japan with nearly 3.3 billion USD.