Vietnam attracted US$2.72 billion in new foreign investment approvals in November, raising the total in the January-November period to US$26.46 billion. The US$30 billion level is considered feasible as investors from the United States, Europe, Japan, South Korea and Singapore have expressed their confidence in Vietnam’s investment environment and post-Covid-19 economic recovery. According to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment, from January to November, foreign investors registered to invest nearly US$14.1 billion in nearly 1,600 projects, up 3.76% in the total registered capital but plunging 31.8% in the number of new projects. Meanwhile, 877 existing projects added US$8 billion, down 16.6% in the number of projects but rising 26.7% in capital compared with the same period last year. In addition, foreign investors conducted nearly 3,500 transactions to contribute funds and acquire shares in local firms with …
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