Vietnam draws 18.5% more FDI in Q1

The most recent foreign direct investment numbers given by the government illustrate Vietnam’s economic performance in the first three months of the year. With increasing confidence in Vietnam’s growth and excellent handle of pandemic, Vietnam pushes forward to be FDI destination for foreign investors.

The numbers indicate that a total of 10$ billion FDI reached in Q1, with an increase of 18.5% over the same period of last year.

FDI has been a key driver of Vietnam’s economic growth. Companies with FDI account for about 70% Vietnam’s exports.

from the total number, government addressed that 49.6% in manufacturing and processing, while 38.9% are to be invested in electricity distribution.

Given the country’s positive economic growth, the quick and successful recovery from pandemic and recent FTA network expansion, foreign investment is expected to pour into Vietnam, especially the advanced technology, high-tech services, and high-end manufacturing sector.

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