return icon

Foreign investors: "Vietnam is a destination for future plans"

Despite challenges in terms of labor resources, supply chain disruptions, geopolitical fluctuations and economic conflicts, Vietnam still sees opportunities from various shifting investment waves and changes in trade structure and order.




That is the view of participants at talks on "Investment Connections" organized by the Foreign Investment Department (Ministry of Planning and Investment) in Ho Chi Minh City last week, which attracted a large number of investors and international organizations.

Do Nhat Hoang, Director of the Foreign Investment Department, said that in 2021 Vietnam's economy maintained a growth rate of 2.58%, the macroeconomy was stable, inflation was under control, and the business investment environment improved.

Total import-export turnover increased by 22.6% compared to 2020, reaching a record of 668.5 billion USD, particularly exports up by 19%, worth 336.25 billion USD. Vietnam has become the third largest economy in ASEAN with a GDP of over 350 billion USD.

Despite being affected by the pandemic, international investors still trust in Vietnam and are coming here to expand. They see Vietnam as a destination for future plans, said Mr. Hoang.

So far, Vietnam has had over 34,642 FDI projects in operation, with total capital of over 415.6 billion USD from 141 countries and territories.

Vietnam is currently listed by the United Nations Conference on Trade and Development (UNCTAD) as one of the top 20 FDI attracting countries in the world. The International Monetary Fund (IMF) has forecast that Vietnam's GDP will increase by 6.6% in 2022, higher than that of Malaysia, Thailand, the Philippines and Indonesia.

At the talks, Do Nhat Hoang affirmed that Vietnam is committed to creating favorable conditions for foreign investors to conduct sustainable and long-term business investment in Vietnam.

In particular, the Investment Promotion Center of the Southern (IPCS) will be the focal point to maintain regular communications between local government, diplomatic missions, international organizations, and domestic and foreign business associations.

Tran Thi Hai Yen, Director of IPCS, said that this year, the center will cooperate with the Consulate General of India to implement investment promotion programs, and conferences and seminars related to seaports, logistics, pharmaceuticals, and maritime safety with a number of southern provinces.

IPCS will also coordinate with the Trade Office of the US Consulate General to help Vietnamese businesses to attend the Select USA program organized by the US Trade Office to explore investment opportunities in the US.

IPCS will join the Korea Trade-Investment Promotion Agency (KOTRA) and the Consulate General of Korea to build a program to bring Korean business delegations to provinces in Vietnam to learn about investment opportunities in high-tech agriculture, equipment manufacturing, industrial parks, and export processing zones.

At the same time, IPCS will work with the Japanese Consulate General to help Japanese businesses connect with local governments and explore investment opportunities in high-quality closed livestock production chains, trade centers and retail business chains in Vietnam.

Mai Lan

What makes foreign investors choose Vietnam instead of neighboring markets?

What makes foreign investors choose Vietnam instead of neighboring markets?

In 2022, Vietnam is forecast to record growth at a significantly higher rate, partly thanks to the high vaccination rate that helped the country recovered most of its economic activity since late 2021.  

Vietnam is becoming an attractive startup valley

Vietnam is becoming an attractive startup valley

In 2021, investment capital in start-ups hit a record level of 1.35 billion USD, making Vietnam the most attractive startup valley in the region.  


Female People's Army officer works at EU Training Mission in Africa

Of the seven officers of the Vietnam People’s Army sent by the President to international missions, Lieutenant Colonel Vu Thi Lien is the first officer performing duties at the European Union Training Mission in Central African Republic (EUTM RCA).


Minister requests fruitful cooperation in defence industry with other countries

Vietnamese cyber users advised to be cautious about ChatGPT registration

ChatGPT has recently been so popular in various fields. Since there are limits in ChatGPT registration from Vietnam, Internet users here are warned to be careful to proceed with the process to avoid being scammed.

2-3 more submarine fiber cable routes needed for Vietnam

The Vietnam Internet Association’s (VIA) Secretary General Vu The Binh said Vietnam needs at least two or three more submarine fiber cable routes in the next five years to serve mounting demand.

Vietnam still approves use of Covid antibody treatment

Vietnam still approves use of Covid antibody treatment Evusheld as it is still effective against subvariants circulating in the Southeast Asian country.

Former Coast Guard generals accused of embezzling $2.1 million

The crime allegedly started in 2019 when the Vietnam Coast Guard’s Department of Technology was allocated VNĐ150 billion (US$6.3 million) to purchase equipment.

Transport Ministry told to disburse VND94 trillion in 2023

The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021.

Banks pumped VND800 trillion into real estate in 2022

As of December 31, 2022, the outstanding loans provided to the real estate sector had reached VND800 trillion, while the figure was VND700 trillion by the end of 2021, said the Ministry of Construction, citing SBV’s (State Bank of Vietnam) figures.

Finance Ministry suggests taxing land and buildings separately

The Ministry of Finance has proposed developing a new property tax law to separate the tax on land from that on buildings.

Vietnamese movies earn over VND350 billion during Tet

Vietnamese-made films tallied more than VND350 billion in ticket sales in the first nine days of the Lunar New Year, between January 22 and January 30, according to the independent analytical website Box Office Vietnam.

Nguyen Trong Hieu's music video in finals of German Eurovision Song Contest

In a landmark moment for Vietnamese music, Nguyen Trong Hieu, winner of Vietnam Idol 2015, has announced that his latest music video has made it to the final eight in the German Eurovision Song Contest (ESC).

Vietnam's tourism revenue reaches VND46 trillion in January

Vietnam’s tourism industry generated around VND46 trillion in revenue this January, with a surge in domestic and international tourist numbers, according to the Vietnam National Administration of Tourism.

Vietnamese consume nearly 60 tons of gold in 2022

Vietnamese consumers bought 59.1 tons of gold, representing a year-on-year increase of 37 percent, the fastest increase in Southeast Asia, according to the World Gold Council.

Vietnam remains in world’s Top 5 plywood exporters

Vietnam earned US$ 1.1 billion from exporting plywood in the first 11 months of 2022, securing the fifth place in the world’s top five largest plywood exporters, according to the International Trade Center (ITC).