Vietnam is still an attractive investment destination
![]() | Vietnam remains among the world's top investment destinations: EuroCham Chairman |
![]() | HCM City attractive investment destination for Europe: forum |
![]() | Central city Đà Nẵng designed as investment destination |
![]() |
Dr. Nguyen Quoc Viet, Deputy Director of the Institute for Economic Policy Research (VEPR). |
In the context of a difficult global economy, Vietnam is still an attractive investment destination for many foreign enterprises and corporations. In your opinion, what are the factors that make Vietnam attractive?
In my opinion, there are two factors - firstly, suppliers of famous global corporations like Apple have the desire to shift the value chain to Vietnam to balance unforeseen risks due to world geopolitical fluctuations or unforeseen changes in the policies of some countries.
Secondly, FDI enterprises already operating in Vietnam continue to expand their production and business scale, making additional and expansion capital accounts for a significant proportion. This shows the confidence of foreign investors in the Vietnamese market.
Along with China's reopening, what will Vietnam be affected by the wave of FDI capital movement, Sir?
Besides opportunities, attracting FDI in the coming time is forecasted to be more difficult due to many pressure factors.
When China decided to live with the Covid-19 pandemic, opening the economy will keep foreign corporations boosting production activities. In ASEAN, Vietnam is under competitive pressure to attract FDI with a number of countries such as Singapore, Indonesia, and Thailand. These countries have made good use of the ASEAN Free Area Agreement to develop a number of industries in green and sustainable direction, creating certain strengths in attracting FDI.
In terms of markets and policies, the above countries are very open in business environment, especially investment procedures are carried out quickly and conveniently with investment trends in key fields and new fields.
For example, Indonesia is attracting many investment projects in the production and assembly of electric cars for domestic consumption and export. In addition to the above competitive pressure, new registered FDI has decelerated in the global since the end of last year due to the economic recession, which is an objectively unfavourable factor creating challenges for the economy.
So, in your opinion, what should we do to seize opportunities and attract FDI in 2023?
Continuing institutional reform to improve a favourable, efficient and consistent business investment environment is still the most important factor. Reform solutions include ensuring property rights, reforming business conditions, amending regulations on investment, land, construction and improving the effectiveness and efficiency of policy implementation. The focus on financial market reform must quickly attract and effectively use capital.
With the development of technology, we need to have policies to attract and select quality FDI projects into high-value fields and towards sustainable development and green economy. At the same time, focus on training human resources with vocational skills and technology mastery, promoting strong digital transformation to be ready to attract large technology corporations.
Thank Sir!
Related News
![Prioritizing semiconductor workforce training](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/13/16/18-lao-dong2024030712273720241202181722-120241213161201.jpg?rt=20241213161205?241215091624)
Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines
![Vietnam-Cambodia: Looking back on journey of cooperation](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/10/17/z6113099530950-2ab926b8ade738413f5cecf60456d9962024120916192620241210175129.jpg?rt=20241210175133?241211024522)
Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
![Vietnam-China e-commerce: A perspective from Lang Son border](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/06/10/doan-12024120410102120241206101055.jpg?rt=20241206101058?241206013937)
Vietnam-China e-commerce: A perspective from Lang Son border
13:39 | 06/12/2024 Headlines
![Green transformation: It](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/112024/22/15/croped/3921-3a-120241122152647.jpg?241125092302)
Green transformation: It's time to force businesses to "get involved"
09:23 | 25/11/2024 Headlines
Latest News
![VN faced with increasing trade defence investigations on rising protectionism](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/394925-steel20241222185810.2401760.jpg?241222065851)
VN faced with increasing trade defence investigations on rising protectionism
18:58 | 22/12/2024 Import-Export
![Việt Nam expects to officially export passion fruit to the US next year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/395435-passion20fruit20241222185241.6519220.jpg?241222065536)
Việt Nam expects to officially export passion fruit to the US next year
18:55 | 22/12/2024 Import-Export
![UK’s carbon tax to affect VN exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/395440-5039419414808165-steel20exports20241222185115.6535040.jpg?241222065145)
UK’s carbon tax to affect VN exports
18:51 | 22/12/2024 Import-Export
![Removing obstacles in granting certificates of exploited aquatic products](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/18/15/croped/2305-6-3634-phong-ve161020241218151007.jpg?241222015641)
Removing obstacles in granting certificates of exploited aquatic products
13:56 | 22/12/2024 Import-Export
More News
![Promoting agricultural exports to the Japanese market](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/17/17-img-1456202401071957312024120518514420241220171316.jpg?rt=20241220171319?241222015546)
Promoting agricultural exports to the Japanese market
13:55 | 22/12/2024 Import-Export
![Agricultural exports in 2024 to exceed 60 billion USD?](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/17/croped/152024121618181120241220171620.jpg?241222015317)
Agricultural exports in 2024 to exceed 60 billion USD?
13:53 | 22/12/2024 Import-Export
![Seafood exports expected to exceed $10 billion in 2025: expert](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/21/20/croped/395421-5039399884214193-tuna20241221202808.5823040.jpg?241221082837)
Seafood exports expected to exceed $10 billion in 2025: expert
20:28 | 21/12/2024 Import-Export
![Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/17/croped/vnr2024121317580020241220172258.jpg?241221063055)
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature
18:30 | 21/12/2024 Import-Export
![Vietnam's import-export surges 15.3%](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/09/croped/cant20241220094402.jpg?241220094436)
Vietnam's import-export surges 15.3%
09:44 | 20/12/2024 Import-Export
![More Vietnamese firms interested in Saudi Arabia: Ambassador](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/09/croped/saudi220241220094233.2022460.jpg?241220094303)
More Vietnamese firms interested in Saudi Arabia: Ambassador
09:43 | 20/12/2024 Import-Export
![“Give and Take” in the Value Chain of the CPTPP Market](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/16/09/croped/17-9202410221046372024120217435020241216094020.jpg?241220093035)
“Give and Take” in the Value Chain of the CPTPP Market
09:30 | 20/12/2024 Import-Export
![Binh Dinh province works to attract investment from Japan](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/19/15/croped/dssa20241219154420.jpg?241219034456)
Binh Dinh province works to attract investment from Japan
15:44 | 19/12/2024 Import-Export
![Agricultural, forestry and fishery exports “reach the target” early](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/16/15/croped/17-ltg0912202405091031082024051013451220241111175104-120241216154153.jpg?241219032029)
Agricultural, forestry and fishery exports “reach the target” early
15:20 | 19/12/2024 Import-Export
Your care
![VN faced with increasing trade defence investigations on rising protectionism](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/medium/394925-steel20241222185810.2401760.jpg?241222065851)
VN faced with increasing trade defence investigations on rising protectionism
18:58 | 22/12/2024 Import-Export
![Việt Nam expects to officially export passion fruit to the US next year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/medium/395435-passion20fruit20241222185241.6519220.jpg?241222065536)
Việt Nam expects to officially export passion fruit to the US next year
18:55 | 22/12/2024 Import-Export
![UK’s carbon tax to affect VN exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/22/18/croped/medium/395440-5039419414808165-steel20exports20241222185115.6535040.jpg?241222065145)
UK’s carbon tax to affect VN exports
18:51 | 22/12/2024 Import-Export
![Removing obstacles in granting certificates of exploited aquatic products](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/18/15/croped/medium/2305-6-3634-phong-ve161020241218151007.jpg?241222015641)
Removing obstacles in granting certificates of exploited aquatic products
13:56 | 22/12/2024 Import-Export
![Promoting agricultural exports to the Japanese market](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/122024/20/17/medium/17-img-1456202401071957312024120518514420241220171316.jpg?rt=20241220171319?241222015546)
Promoting agricultural exports to the Japanese market
13:55 | 22/12/2024 Import-Export