The industrial real estate segment wants to be a bright spot for the country in 2023, and the prospects are there for new funding from neighbouring countries if Vietnam can utilise its advantages to the fullest.

In the latest survey by the European Chamber of Commerce in Vietnam (EuroCham), 41 per cent of respondents stated their company was shifting operations from China to Vietnam, up from 13 per cent in the third quarter.

Foreign-invested enterprises (FIEs) had a prosperous year in 2021 with post-tax profit of VND83.585 trillion, up 30 percent over 2020, according to the Ministry of Finance’s recent report to the Prime Minister.

A leader of southern province of Binh Duong has hailed the effective investment of Tokyu corporation of Japan in urban development in the province and suggested the corporation also invest in transport infrastructure.

Vietnam remained an attractive destination for foreign investment last year with FDI flow pouring into the country uninterrupted despite a global economic slowdown, according to the Ministry of Finance.

With the nation’s great demand for growth, Vietnam is boosting its group-oriented diplomatic activities in order to attract more investment and expand trade.

Ho Chi Minh City absorbed about 3.94 billion USD in foreign direct investment (FDI) in 2022, up 5.4% year-on-year, according to the municipal People’s Committee.

Disbursement of foreign direct investment (FDI) in Vietnam in 2022 is estimated at nearly 22.4 billion USD, up 13.5% year-on-year, making it the highest amount in the past five years, the General Statistics Office (GSO) announced on December 29.

Tax incentives, low labour costs, along with plenty of other favourable policies can be considered the primary reasons why a number of global technology giants have chosen Vietnam as their base for production.

Foreign direct investment (FDI) in real estate topped 4.4 billion USD as of December 20, accounting for over 16% of the total FDI capital registered in Vietnam, and up 1.8 billion USD year-on-year.

Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.

“We are proud that Vinachem's records in 2021 were broken after 9 months, so business results for 2022 will be much higher,” Nguyen Phu Cuong, Vinachem chairman, said.

Strong foreign capital flow into Vietnam through different channels reflects foreign investors’ belief in Vietnam’s economic development prospects.

Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030.

For the first time FDI into the northern border province of Quang Ninh this year has surpasses the US$2-billion mark, hitting US$2.18 billion.

Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period.

Foreign investors committed to investing billions of dollars in the southeast via signing memoranda of understanding (MoU) in petrochemicals, electronics, industrial park infrastructure, urban areas, and tourism.

Achecklist for appraisal of foreign-invested ventures in Vietnam will help the country woo desired foreign funding.

Vietnam now has the opportunity to receive a new capital flow worth billions of dollars as it has caught the attention of many foreign investors.

Vietnam lacks the proper tools to select good foreign-invested projects. Appraisal and licensing, as well as management and supervision of investment projects, are still weak.