Vietnam continues to be an attractive investment destination
This year, Vietnam expects to continue to be an attractive destination for foreign investors due to new opportunities from international economic integration and government incentives.
In the first two months of this year, Vietnam earned US$3.4 billion from 1,100 new and existing foreign-invested projects.
Disbursement has reached US$1.55 billion, according to the Foreign Investment Agency’s latest statistics.
Ryu Hang Ha, President of the Korean Enterprise Association in Vietnam (Korcham), highly valued Vietnam’s strong reforms in its business environment and deeper integration into the global economy. These are fundamental factors for Vietnam to attract FDI, he said.
“Over the years, Vietnam has maintained sustainable economic growth. The government has reformed the economic structure and administrative procedures, and taken strong actions to combat corruption to create a more favorable environment for businesses. Vietnam is the Asian country that has joined the most free trade agreements, thus gaining enterprises in Vietnam the lowest tariffs,” Ryu elabrorated.
Despite the negative impact of the US’s withdrawal from the Trans-Pacific Partnership (TPP), the Vietnamese economy still has many cooperation and investment opportunities from the 16 free trade deals it has been negotiating.
Sebastian Eckardt, a World Bank economist, said Vietnam is taking steady steps through changing policies, creating a healthy investment environment and setting up sustainable economic development areas.
Vietnam has clarified the direction of economic development, focusing on effective use of FDI resources to make breakthrough changes, said Sebastian.
The Vietnamese government has created specific policies to increase national competitiveness by 2020, including the enactment of the revised Investment Law on January 1st, 2017.
Related News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
More News
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export