Overseas Vietnamese returning home to contribute to the motherland
|Viet Nam has attracted 376 FDI projects from overseas Vietnamese with total registered capital of 1.72 billion USD, focusing on energy, processing and manufacturing, and services. (Illustrative photo)|
Sean Lam is an overseas Vietnamese who has lived in Maryland, the US, for more than 30 years. He previously returned to Viet Nam almost every month to manage investments. Since the pandemic, he has not been able to return, but he has maintained his business, investment capital, and remittances.
Viet Nam has attracted 376 FDI projects from OVs with total registered capital of 1.72 billion USD, focusing on energy, processing and manufacturing, and services.
It is always in the top 10 countries in the world receiving the largest remittances. According to the State Bank of Viet Nam, remittances in 2021 totalled 12.5 billion USD.
Compared to the total FDI Viet Nam has attracted, the volume of investment from OVs remains modest. However, the opportunity to attract more FDI inflows from the community is still significant as it is growing and has the funds to access science and technology platforms in developed countries.