Foreign investment in Vietnam up slightly in 11 months. Vietnam attracted an estimated foreign investment of 26.46 billion U.S. dollars the country’s General Statistics Office said. In which, licensed 1,577 new projects with total registered capital of 14.06 billion U.S. dollars, down 31.8% in quantity but up 3.7% in capital year-on-year. It can be seen that how Vietnam’s success in the race to top Asia & the world in attracting FDI recently.
Source: HSBC- Global Banking and Markets
Why Vietnam?
Socio-political stability in Vietnam has created strong confidence among domestic and foreign investors. Investors are ready to mobilize capital to increase investment and expand production. The infrastructure of industrial parks, export processing zones and economic zones in the country continue to be completed and upgraded.
In addition, achieving positive growth in 2020, despite the considerable impact of Covid-19and positive signs of the Vietnamese economy gradually recovery from the fourth quarter of 202, escaping the minus growth seen in the third quarter, Vietnam becomes a bright candidate for value chain transformation in Asia.
In recent years, the quality of human resources in Vietnam has been improved more and more because the Government focuses on investing in public education. The employees are fostered in terms of culture, skills training, and professional qualifications have contributed to increasing labour productivity in Vietnam, which is also a competitive advantage in attracting foreign investment.
FDI projects, taking advantage of trade agreements that Vietnam has signed, promise to continue entering Vietnam in the near future. To catch up with this wave, the Government of Vietnam has many special investment incentives and supports to encourage the implementation of a number of investment projects that have a great impact on the economy – society.
A “good land” for high-quality FDI inflows
After the Covid-19 pandemic, many large international corporations and enterprises are looking for investment opportunities to diversify the chain supply and limit over-reliance on the Chinese market. Vietnam has become one of the brightest candidates to welcome this shifting capital flow.
About HSP | The Dec 2021 edition of “Investing in Vietnam”
Through this booklet, we hope to showcase the wide variety of opportunities and challenges that Vietnam has to offer.
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