Vietnam remains important investment destination: MPI

Vietnam remains an important investment destination in the medium and long terms amid the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI), the Government News has reported.

Vietnam attracted nearly $15.2 billion in FDI in the first six months of the year, up 13.1% year-on-year.

Foreign investors registered nearly $9.54 billion in 1,538 new projects, up 46.9% in capital compared to the same time last year.

Meanwhile, 592 projects had their capital adjusted up, with a total amount of $3.95 billion, up 35% year-on-year in capital.

Meanwhile, the amount of FDI disbursement hit $10.84 billion, representing a year-on-year surge of 8.2%.

The quality of investment projects has improved considerably as seen in the new investments in and expansion of large-scale projects in the fields of semiconductor, energy, electronics, and products with high added value.

The majority of investment came from traditional Asian partners like Singapore, Japan, Hong Kong, South Korea, and China.

The MPI said there are three factors contributing to Vietnam’s FDI attraction.

Firstly, Vietnam is playing an important and increasingly reinforced role in the supply chain diversification strategy of multinational companies.

Secondly, the economy recovered more positively this year as evidenced by quarterly GDP growth rates.

Thirdly, domestic and foreign financial institutions affirmed that Viet Nam has advantages in keeping steady macroeconomic growth.