Vietnam attracted approximately US$18.15 billion in foreign direct investment (FDI) between the beginning of the year and August 20, up 8.2% on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Many foreign retail distributors, promoting strategies to diversify their supply chains and ensure a sustainable and resilient supply, have chosen Vietnam as a strategic location in the global supply chain.

Developing industrial zones is essential to achieving the goals set forth in the foreign direct investment (FDI) attraction strategy for the period of 2021-2030, said Tran Quoc Phuong, Deputy Minister of Planning and Investment.

The Vietnam International Sourcing 2023, which will be hosted by the Ministry of Industry and Trade (MoIT) from September 13 – 15 in Ho Chi Minh City, is expecting to attract about 150 business delegations from 30 countries and territories worldwide.

Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

Surpassing Japan, China now ranks third among the countries and territories with significant investments in Vietnam since the beginning of the year.

Top Singaporean groups are continuing to make their mark in Vietnam’s real estate arena, from luxury apartments to industrial complexes.

Sunrise Material of Singapore signed an agreement with a Vietnamese company on August 11 to develop a polymer wrap film production project worth 100 million USD in the northern province of Nam Dinh.

About 91% of German companies are planning to expand their investment in Vietnam, according to a survey conducted by the Delegation of German Industry and Commerce (AHK) in Vietnam.

Lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture make Vietnam a promising hub of furniture manufacturing, according to Mordor Intelligence.

Vietnam’s foreign investment attraction will see a positive outlook in the coming time as efforts have been made to improve investors’ trust, said director of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang.

Financiers from the Republic of Korea (RoK) poured in US$2.34 billion into the Vietnamese market in the opening seven months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The Ministry of Planning and Investment (MPI) has proposed a pilot investment support policy when applying the global minimum tax: either deducting from enterprises’ tax obligations, or paying directly with money from the state budget.

The Vietnamese business community is taking great strides on the path to bring Vietnamese-made products to the globe.

During the reviewed period, foreign investors pumped US$16.24 billion into the country, up 4.5 per cent year-on-year, the FIA said.

Vietnam attracted approximately 16.24 billion USD in foreign direct investment (FDI) from the beginning of this year to July 20, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.

Vietnam's real estate sector has emerged as a highly desirable destination for international investors, ranking second only to the manufacturing and processing industry, with over 1,100 projects amounting to $66.4 billion of foreign investment.

Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.

Intel Corporation will continue to invest in Vietnam, Kim Huat Ooi, Vice President in Manufacturing, Supply Chain and Operations, and General Manager of Intel Products Vietnam told Tuoi Tre (Youth) Newspaper.