For the first time in 30 years, southern Dong Nai province has lost its place in the top 5 localities regarding domestic investment and FDI. In the first eight months of the year, domestic investment and FDI in the province equaled just 6.93 per cent and 68 per cent, respectively, of the figures in same period last year. Reasons include bottlenecks in regulations and a limited land fund, resulting in investors moving to other localities.
According to the Ministry of Planning and Investment, total additional FDI capital reached nearly $5.29 billion in the first four months of 2022, up 92.5 per cent year-on-year, while the total value of capital contributed to buy shares was more than $1.83 billion, up 74.5 per cent. Newly-registered FDI, meanwhile, fell during the period.
A number of important cooperation documents worth billions of USD have been signed recently, with foreign investors committing to further expanding their investment and revealing their confidence in Vietnam’s investment environment. The goal of attracting $40 billion in FDI this year is entirely feasible.
