HANOI (Vietnam News/ANN): The inflow of foreign direct investment (FDI) to Vietnam saw a strong decline of 24 per cent year-on-year to nearly US$6.47 billion in the first two months of this year, according to the Foreign Investment Agency.HANOI (Vietnam News/ANN): The inflow of foreign direct investment (FDI) to Vietnam saw a strong decline of 24 per cent year-on-year to nearly US$6.47 billion in the first two months of this year, according to the Foreign Investment Agency.
Bến Tre City in the southern province of Bến Tre which attracted the largest amount of FDI in the first two months of this year. — Photo nguyenkimtravel.com
The unsatisfactory figures were attributable to the Lunar New Year holiday and the Covid-19 epidemic that have affected the travel of foreign investors as well as their decisions in developing new investment projects and expanding existing ones in Vietnam, it said. Among the 125 countries and territories investing in Vietnam during the two months, Singapore was Vietnam's largest foreign investor with $4.12 billion, accounting for 64 per cent of the country’s total FDI. Mainland China came next with $720 million, making up 11 per cent of the total. South Korea ranked third with $425 million or 7 per cent, followed by Hong Kong, Taiwan and Japan.
The southern province of Tây Ninh ranked second with $490 million, or 7.5 per cent of the total FDI. It was followed by HCM City with $481 million, or 7.4 per cent.
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