Vietnam ranked 19th in the world in terms of FDI attraction in 2020. (Photo: hanoimoi.com.vn)

According to the UNCTAD report, Vietnam ranked 19th in the world in terms of FDI attraction in 2020, up 5 places compared to 2019, despite the impact of the COVID-19 epidemic. Vietnam is considered to have plenty of room to compete for FDI in the current global production shift.

The report shows that, geographically, FDI has declined around the world, except in Asia. FDI inflows into Asia increased by 4% in 2020, helping the region account for half of the total global FDI this year.

In 2020, the US took the lead among countries attracting the most FDI with 156 billion USD (261 billion USD in 2019); followed by China, 149 billion USD; Hong Kong (China), 149 billion USD; Singapore, 94 billion USD; and India, 64 billion USD.

BTA