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In recent years, foreign-invested enterprises (FDI) have made a significant contribution to the socio-economic development of the country. FDI inflows into Vietnam have steadily increased over time as a result of the open-door policy and investment encouragement.
According to statistics of the Ministry of Planning and Investment as of November 20th, 2021, the total value of newly registered capital, adjusted capital and capital contribution or share purchase by foreign investors reached 26.46 billion USD, increasing slightly by 0.1% in comparison with the same period in 2020. The realized capital of foreign investment projects witnessed a decline of 4.2%, which was estimated to reach 17.1 billion USD, compared to the same period in 2020.
Accumulated to November 20, 2021, the whole country has 34,424 valid projects with a total registered capital of nearly 405.9 billion USD. The accumulated realized capital of foreign investment projects is estimated at approximately 249 billion USD, equaling 61.3% of the total registered investment capital of the valid projects.
Despite the servere impact of the Covid-19 pandemic, foreign investors still maintain their confidence in the investment and business environmet as well as the development of the Vietnamese economy in both medium term and long term. India, one of the partners that ranked 26th out of 141 countries investing in Vietnam, is constantly looking for new investment and business expansion opportunities. According to the accumulated data of the Foreign Investment Department (Ministry of Planning and Investment) as of November 20th, 2021, Indian businesses have invested 991.76 million USD in 315 projects. In particular, the processing and manufacturing industry received the most investment up to 540.98 million USD.
For the Southern region, from the beginning of the year until now, the Southern Investent Promotion Centre (IPCS) – Foreign Investment Department – Ministry of Planning and Investent has acknowledged a wide range of interest from Indian FDI in the Southern investment environment. Grasping the needs of Indian investors to learn abouth the environment and investment potential of the southern provinces, IPCS collaborated with the Consulate General of India in Ho Chi Minh City to organize a “Dialouge of Investment Promotion between India and Southern provinces (Ben Tre, Ca Mau, Binh Duong) in the new normal” on Friday, December 10th, 2021.
The Vietnamese government is determined to implement the “dual” goals, including successfully controlling the pandemic and implementing the plan for economic recovery and development. In order to achieve this goal, the Government has adopted policies that create favourable conditions for FDI enterprises in general and Indian enterprises investing in Vietnam in particular to feel secure in their production and bussiness activities that meet the regulatory requirements which have been eased recently.
Investment Promotion Center – South Vietnam
Documentation and Information Division