Oct 21, 2021 / 18:18

Foreign businesses continue to expand investment in Vietnam

The Government has set up taskforces specialized in addressing concerns of businesses that have been severely affected by the pandemic.

Foreign investors continue to show strong commitments to doing business in Vietnam and have been expanding their presence in the country.

 Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang. Source: MoFA

Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang gave the statement in a monthly press conference held today [October 21].

“Vietnamese authorities stand ready to provide the maximum support to foreign businesses and investors and get all economic activities back to normal and avoid possible disruption in the supply chains,” Hang said.

Hang added the Government has set up multiple taskforces specialized in addressing concerns of businesses who have been severely affected by the pandemic.

As of September 20, Vietnam attracted over US$22.15 billion in FDI commitments, an increase of 4.4% year on year. Of the total, foreign investors registered over 1,200 fresh projects with total registered capital of $12.5 billion, down 3.78% in project number but up 27.6% in value against the same period of last year.

According to Hang, drastic measures from the Government and the active response of the public have gradually put the pandemic situation in Vietnam under control.

Hang referred to the Government’s recently issued resolution No.128/NQ-CP on October 11 on safe and flexible adaptation to the pandemic by saying the Government aims to soon get socio-economic activities back to the new normalcy as soon as possible.

“The goal is to ensure a single Covid-19 strategy being adopted nationwide right in 2021 to avoid inconvenience for the people and businesses,” Hang said.