FDI enterprises believe in investment in Vietnam

In Vietnam, due to the impact of the pandemic, some factories have stopped or reduced capacity. However, the number of FDI projects with a scale of over 50 million USD still maintained a strong increase.

In general, foreign direct investment (FDI) in the past nine months still reached more than 22 billion USD, up 4.4% over the same period last year. Many localities with high FDI capital are accompanying businesses with policies of production, maintaining labor resources as well as minimizing disruption of supply and demand chains of materials and goods.

In Bien Hoa city, Dong Nai, when the epidemic was still complicated, Nestle Vietnam's coffee production project still increased capital by 132 million USD. The plant is expected to be completed in 2 years with doubled capacity.

In Bac Ninh, Samsung investors are still disbursing hundreds of millions of dollars in additional capital. The province's FDI attraction so far has reached over $650 million, 1.5 times higher than in 2020 and is confident with the goal of attracting FDI of over $2 billion this year.

"We still invest in a research and development center with a scale of more than 220 million USD for 6 factories and diversify production categories. We have not changed our investment strategy in Vietnam. This will be the basis of our investment strategy. A strategic research and development point, not just a production line," said Mr. Choi Joo Hoo - General Director of Vietnam Samsung Complex...

FDI enterprises believe in investing in Vietnam.

According to the World Bank, recent results have proved the stability of FDI inflows into Vietnam compared to other countries. However, in the long run, enterprises can only focus on production when they feel secure with clear and specific mechanisms.

Mr. Alexander Goetz - Chairman of the German Business Association in Vietnam said: "We hope to have a clear and unified plan so that we can build a specific plan, approach input suppliers and logistics services, and then return to the state of normal production and business".

Registered capital reached nearly 12.5 billion USD, which was an increase of 20.6% over the same period, the scale of FDI projects increased, thereby showing the effectiveness of the companion and support solutions that the Government and Prime Minister have provided. The Prime Minister has been drastic in recent years to remove difficulties for FDI enterprises. On the other hand, it also shows the trust and cohesion of foreign investors in Vietnam.