Vietnam attractive to foreign investors despite global uncertainties
Despite global uncertainties, Vietnam remains attractive to foreign investors, drawing 20.21 billion USD by the end of September, up 7.7% year on year.
A FDI factory in Giang Dien industrial park in Dong Nai province. (Photo: VNA)
Hanoi (VNA) - Despite global uncertainties, Vietnam remainsattractive to foreign investors, drawing 20.21 billion USD by the end of September, up🔯 7.7% year on year.
Of the figure, 15.9 billion USD wasdisbursed, marking a 2.2% increase year-on-year. According to its latest Vietnam EconomicUpdate, the World Bank noted that stable commitments and disbursement offoreign investment reflect the interest of foreign investors in businessopportunities in Vietnam despite global uncertainties.
In particular, traditional investors such asSingapore, China and Japan are increasingly reaffirming their trust anddetermination to maintain or expand their operations in Vietnam. They are workingto realise strategic goals of making Vietnam a manufacturing hub for high-qualityproducts to join the global production and supply chains with fiercecompetitiveness.
In the southern province of Dong Nai, over 120 foreign-invested projectsworth nearly 940 million USD we⭕re recorded in the first nine months of thisyear, or nearly 134% of the annual plan.
During the period, Dong Nai licensed nearly 50 new FDIprojects, 17 of them from China with total capital of around 150 million USD.Most of them involved in renting factories for production and trade in apparel,electronics and household appliances.
Illustrative image (Source: VNA)
Forecasts indicated that FDI attraction and disbursementwill continue picking up in the coming months, which will be an important additionalsource of support to make up for limitations in other economic sectors. Don Lam, CEO and Founding Partner ofVinaCapital Group, said preliminary surveys showed that foreign investors areparticularly interested in the green transformation and the potential of theconsumption sector in Vietnam, especially in the semiconductor and chipindustry. This presents an opportunity for Vietnam to attract more long-termcapital inflows, contributing to sustainable economic growth. Apart from general measures to stabilise macroeconomicconditions, improve infrastructure and workforce, Vietnam is focusing onbuilding and developing an ecosystem for sci-tech, innovation, and entrepreneurshipthat is aligned with the digital business environment. Furthermore, there willbe ongoing efforts to simplify investment procedures, making it easier forbusinesses to start and grow, said Minister of Planning and Investment NguyenChi Dung./.
Hanoi has maintained its position as the leading destination in Vietnam for foreign direct investment (FDI), bringing in nearly 2.53 billion USD in registered capital during the first nine months of 2023 and representing nearly 12.5% of the country’s total.
Vietnam is considered an attractive destination for multinationals amidst the wave of industrial production shift, enterprises have said while attending Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade (METALEX Vietnam 2023) in Ho Chi Minh City.
The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.
Despite daunting challenges in the trade sector across the globe, Vietnam has been persistent in its goal of luring high-quality foreign direct investment (FDI), with the semiconductor industry expected to breath fresh air into the nation’s economy.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
A FDI factory in Giang Dien industrial park in Dong Nai province. (Photo: VNA) 
Illustrative image (Source: VNA) 
