Foreign investors continue to put their trust in Vietnam as a destination

Although global investment flows have slowed down due to the impact of the Covid-19 pandemic and global geopolitical fluctuations, foreign investment in Vietnam has still grown positively. This once again affirms that foreign investors have continued to place their trust in Vietnam as a destination.

In a statement issued last weekend, the Ministry of Planning and Investment also affirmed that investors' confidence in Vietnam continues to be strengthened, and existing investors have confidence in the Government's policies and the future development of Vietnam's economy.

Not only is it an affirmation from Vietnam's policy-making agencies, global corporations and investors have also emphasized more than once that Vietnam has an "incredible opportunity" to become an indispensable link in the global supply chain.

During a recent meeting with Prime Minister Pham Minh Chinh in South Korea, major technology corporations from the land of Kim Chi also talked about Vietnam as their “global key manufacturing location”…

Besides the comments and forecasts, many large projects worth billions of USD have been effectively implemented in Vietnam by many foreign investors, from Samsung, LG, Foxconn to Goertek, Amkor, HanaMicron...

Without enough trust, there would be no such billion-dollar commitments.

Without enough confidence, it would not have been possible to have had nearly 15.2 billion USD of foreign investment registered in Vietnam in the first 6 months of the year, up 13.1% over the same period last year. Of which, newly registered capital increased by 46.9%; realized capital increased by 8.2%. This year, the amount of foreign investment is forecast to reach 39-40 billion USD, equivalent to 2023.

That belief, in fact, was established more than 35 years ago, when Vietnam began to open up to foreign investment and has been increasingly strengthened over time. Therefore, last year, there was 39.4 billion USD of foreign investment registered in Vietnam, an increase of 34.5% compared to 2022. Even during the Covid-19 pandemic, foreign investment in Vietnam was always at 20-22 billion USD/year. Therefore, Vietnam is in the top 20 economies attracting the most foreign investment.

Not only the numbers, the quality of foreign investment flows is also increasingly improving.

In recent years, especially since the beginning of this year, many large projects in the fields of semiconductors, energy (production of batteries, photovoltaic cells, silicon bars), manufacturing of components, electronic products, and products with high added value have been newly invested and expanded. Vietnam also has great opportunities to attract investment in pioneering industrial fields such as semiconductors, AI, hydrogen, etc.

There are many factors that make Vietnam increasingly attractive and gain the trust of foreign investors. These include its important and increasingly consolidated role in the supply chain diversification strategy of multinational manufacturers; Vietnam’s economic growth is recovering positively; and the macro economy continues to be stable…

The Vietnamese government is also making efforts every day to improve the investment and business environment, creating favorable conditions to support investors coming to Vietnam in the spirit of "win-win", for the benefit of the country, the people and foreign investors.

The potential and opportunities are enormous. Confidence is also constantly being strengthened. However, in the context of increasingly fierce competition to attract investment, to seize historic opportunities, especially attracting projects in the field of technology 4.0, Vietnam must continue to overcome many bottlenecks, from improving the quality of human resources, to preparing conditions for infrastructure, land, energy, and continuing to reform and simplify investment procedures...

And equally important is how to make the foreign investment sector create a stronger spillover effect on the domestic sector, thereby promoting technology transfer, bringing Vietnamese enterprises deeper into the global supply chain... Only then can Vietnam truly optimize the benefits from foreign investment flows.

Source: https://baodautu.vn/foreign-investors-continue-to-build-faith-in-vietnam-d219958.html