Hanoi (VNA), Nov. 28 -- Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.

In an inclusive interview with the Vietnam News Agency , Lam cited the 2021 investment report of the United Nations Conference on Trade and Development (UNCTAD) which said in 2020, Vietnam attracted 16 billion USD of FDI, entering the top 20 countries in the world in terms of FDI attraction for the first time.

Despite COVID-19, in the first ten months, 23.74 billion USD worth of FDI were poured into 18 sectors in Vietnam, with processing and manufacturing obtaining the lion's share...