Vietnam among top 10 destinations for FDI firms

Among the 1,300 European businesses inquiring about the investment climate in Vietnam, up to 63% listed the country among the top 10 destinations for foreign direct investment (FDI) firms.

A number of giant multinationals have also been present in Vietnam, including Apple, Nike, Morgan Stanley, Intel, and Google, among others.

During the 10 months, 108 countries and territories poured money into Vietnam. Singapore topped the list with nearly 4.65 billion USD. It was followed by the Republic of Korea, and Hong Kong (China).

Meanwhile, China took the lead in the number of new projects, which accounted for nearly 22%, and the Republic of Korea ranked first in terms of the projects with additional capital and capital contribution and share purchasing transactions.

Of the 55 provinces and cities recording FDI inflows, Quang Ninh attracted the most capital. Hai Phong city stood second, followed by Ha Noi, Ho Chi Minh City, and Bac Giang province.

VNA