Vietnam Sees Significant Increase in Foreign Investment in 2020

One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year.

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A representative of our company has announced plans to invest millions of USD into Vietnam in the coming months. This investment will be primarily focused on expanding our vehicle and engine storage facilities, as well as investing in advanced technology for engine exhaust inspection systems in automatic vehicles.

After 5 years of successful operations and increasing output, we recently built additional factories to meet the growing demand for our products. This expansion is a testament to our commitment to continuously improving and expanding our production capabilities.

The size of both new projects and those adding capital has seen a significant year-on-year increase, contributing to the overall growth in foreign direct investment (FDI). Additionally, the disbursed capital has also risen by 6.5% compared to the previous year, indicating a positive trend in FDI attraction.

Looking ahead, we expect FDI attraction to remain strong, as more investors choose to relocate their investments and major players in the market expand their current projects.

VNA