Deputy Director of Foreign Investment Agency: Overseas Vietnamese are important soft resources

(Dan Tri) - Vietnam has issued many policies to create favorable conditions for overseas Vietnamese to invest and do business. Overseas investment projects by overseas Vietnamese have also increased in both quantity and quality.

Overseas Vietnamese investment projects increase in both quantity and quality. Within the framework of the "4th Conference of Overseas Vietnamese around the world", on the afternoon of August 22, parallel thematic sessions took place. At the thematic session "Overseas Vietnamese entrepreneurs and businesses accompanying the country", Mr. Nguyen Anh Tuan - Deputy Director of the Foreign Investment Agency, Ministry of Planning and Investment - shared that this is an opportunity for businesses to discuss the requirements for attracting investment in the new situation. Mr. Tuan also stated that this conference is an opportunity for overseas Vietnamese to have a clearer, deeper view and continue to trust and invest in Vietnam. According to him, in the context of the world economy full of complex and unpredictable fluctuations, opportunities and challenges intertwined, the Vietnamese economy has achieved many remarkable achievements. Thanks to that, Vietnam continues to achieve many results in attracting foreign investment and maintaining an attractive destination for investors around the world. Regarding investment, Vietnam currently has about 40,777 valid investment projects with a total registered capital of over 487.03 billion USD from 147 countries and territories. The largest investors in Vietnam are also large countries and economies such as: Korea, Singapore, Japan... Regarding foreign investment, Vietnam has about 1,750 valid foreign investment projects with a total registered capital of over 22.26 billion USD to 81 countries and territories.

Mr. Nguyen Anh Tuan, Deputy Director of Foreign Investment Agency, Ministry of Planning and Investment (Photo: HA).

By the end of July, 421 FDI investment projects of Vietnamese people in 32 countries and territories had invested in Vietnam with a total registered capital of 1.722 billion USD. Of which, overseas Vietnamese from Hong Kong (China) took the lead with a capital of 283.4 million USD, accounting for 16.5% of the total investment capital. Next was the US with a capital of 217.11 million USD, accounting for 12.6% of the total investment capital. According to the Deputy Director of the Foreign Investment Department, overseas Vietnamese foreign investment projects have been constantly increasing in both quantity and quality. In particular, the projects have operated quite effectively, making important contributions to the socio-economic development of localities, contributing to Vietnam's impressive growth and development achievements in recent times. Mr. Tuan hopes that overseas Vietnamese will actively participate in sharing experiences, advising and providing policy advice to the Government to gradually remove difficulties and obstacles in attracting foreign investment. In particular, they will propose basic solutions to help develop key and breakthrough areas such as green economy, digital economy, circular economy, sustainable development, clean energy conversion, renewable energy, etc. "Overseas Vietnamese will become an important "soft" resource, playing the role of a bridge to promote the image of the country, culture, people and sacred values ​​of the nation to the host country and international friends, thereby promoting deep and comprehensive exchanges and cooperation, constantly enhancing the role and position of the country," Mr. Tuan emphasized. Many favorable policies for overseas Vietnamese to invest and do business Sharing at the conference, Mr. Nguyen Hong Hue, Chairman of the Association of Overseas Vietnamese Entrepreneurs (BAOOV), also said that overseas Vietnamese are increasingly demonstrating their intelligence and talent in the international arena. Many overseas Vietnamese businessmen with high qualifications and abilities have become famous and are on the list of world billionaires. "Although living abroad, the hearts, minds and Lac Hong blood of overseas Vietnamese always turn to the Fatherland. Overseas Vietnamese businessmen and intellectuals are ready and eager to return to invest, get rich and build their homeland and country," the Chairman of BAOOV shared. According to data from the State Committee for Overseas Vietnamese, Ministry of Foreign Affairs, as of November 2023, there were 421 projects of overseas Vietnamese in 29 countries and territories investing in Vietnam, with a total registered capital of nearly 2 billion USD. In addition, the amount of remittances to Vietnam last year reached 16 billion USD, an increase of 32% compared to 2022. The amount of remittances to Ho Chi Minh City alone by the end of June reached more than 5.1 billion USD, an increase of 19.5% over the same period and the highest growth rate in the past 10 years. The overseas Vietnamese business community is an important force, a bridge for economic trade between Vietnam and other countries, a significant resource contributing to the process of building and developing the country. In particular, Vietnam's key products, especially agricultural products, are actively consumed by the overseas Vietnamese community with the motto "Vietnamese people use Vietnamese goods", "Where there are Vietnamese people, there are Vietnamese goods", and at the same time, gradually introducing and spreading the brand value of Vietnamese goods to people in host countries.

Mr. Nguyen Hong Hue, Chairman of the Association of Overseas Vietnamese Entrepreneurs (Photo: HA).

Sharing the same view, Ms. Nguyen Thao Hien - Deputy Director of the Department of European and American Markets (Ministry of Industry and Trade) - also said that Vietnam has issued many policies to create favorable conditions for overseas Vietnamese to invest, do business and live in the country such as the Law on Nationality, home buying policy, visa exemption, investment incentives... These policies are increasingly effective and bring positive impacts such as investment of overseas Vietnamese to the country continues to increase, the scale of projects is increasingly expanding, remittances are continuously increasing... Ms. Hien said that linking the force of Vietnamese entrepreneurs and enterprises at home and abroad is considered an important priority because overseas Vietnamese enterprises will make an important contribution to bringing Vietnamese culture and products into the market through the community and the system of trade centers, wholesale markets... At the same time, overseas Vietnamese will also contribute to introducing opportunities and bringing foreign enterprises to Vietnam to invest, produce, and do business... "I hope that with increasingly effective policies, overseas Vietnamese will be able to contribute to the development of the Vietnamese economy and society. "This is a favorable policy for overseas Vietnamese, overseas Vietnamese and overseas Vietnamese businessmen around the world, and will actively promote investment and business activities in the country, making practical contributions to the country's economic and social development and promoting comprehensive cooperation between Vietnam and the world," Ms. Hien shared.

Dantri.com.vn

Source: https://dantri.com.vn/kinh-doanh/pho-cuc-truong-cuc-dau-tu-nuoc-ngoai-kieu-bao-la-nguon-luc-mem-quan-trong-20240822190514376.htm