Vietnam – An attractive destination for FDI inflows

FDI in Vietnam increase

Registered FDI in Vietnam in 2021 will reach more than 31 billion USD, up more than 9% over the previous year, according to data in the Annual Report of FDI in Vietnam published for the first time by the Association of Foreign Investment Enterprises.

Up to now, the United States has nearly 1,200 FDI projects in Vietnam with a total registered capital of more than 10 billion USD, the 11th highest among 139 countries and territories with valid investment projects in Vietnam. Male.

Particularly in Binh Duong province, from the beginning of the year to the end of April, FDI capital poured into industrial parks in the province increased more than 4 times compared to the same period in 2021.

Vietnam – An attractive destination for FDI capital

Reflections of the international press last week show that Vietnam is increasingly asserting itself as an attractive destination for FDI.

According to experts, one of the points that makes Vietnam increasingly an attractive destination for FDI is the good governance ability of the Vietnamese Government. (Illustration image – Photo: People’s Newspaper)

In which, renewable energy and digital services are promising to be two new fields, attracting strongly investors, contributing to the early realization of Vietnam’s goals on green economic development, rising to the top. one of the leading countries in this field.

The UK’s Investmentweek page publishes the analysis of Mr. Dominic Scriven – co-founder and executive chairman of Dragon Capital.

According to the article, 45% of growth in the renewable energy sector is from private investment, while 35% is from FDI projects. According to Mr. Dominic, more FDI is needed to meet Vietnam’s energy demand, which is expected to increase by 9% per year from 2025. In particular, the UK identifies Vietnam as an important partner. in green economic development cooperation, after the country leaves the European Union.

”We are looking to work with Vietnam in a way that benefits both the British and the Vietnamese. The linkage between the Government and the commercial sector of the UK and Vietnam can ensure the greening of the economies of both countries”, said Mr. Graham Stuart, Trade Envoy of the UK Prime Minister to Vietnam. Nam, said.

As for digital, Mr. Dominic has an article appreciating that the Government of Vietnam announced the first digital strategy in 2021, helping to accelerate the digital transformation process through changes in perception, corporate strategy and incentives towards business digitization, governance and production.

“The Government of Vietnam’s digital-first strategy recalls the results the UK has been striving for, including improving public services, increasing efficiency and improving public participation. them into digital services,” said Ms Heather Wheeler, Parliamentary Secretary in the UK’s cabinet office specializing in digital services.

According to experts, one of the things that makes Vietnam increasingly an attractive destination for FDI is the good governance ability of the Vietnamese government.

“Good governance is very important to business. And Vietnam’s move up 33 places in Singapore’s Chandler Index of governance is the best proof. There are a number of specific areas where improvement has been made. Administration is very important. Streamlining customs management with import and export operations in Vietnam is very important for businesses. I still remember the days when we had to bring a truck of paperwork to customs. every time we need to export from Vietnam, now it’s a lot simpler”, said Mr. Thomas Bo Pedersen, Managing Director, Mascot Company in Vietnam and Laos.

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