Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam attracted 4.29 billion USD in foreigndirect investment (FDI) in the first two months of 2024, ayear-on-year surge of 38.6%.
Notably, several large-scale projects were granted investment registrationcertificates in February, such as Trina Solar Cell project in Thai Nguyenprovince and the Gokin Solar Hai Ha Vietnam project in Quang Ninh.
In the southern key economic region,a series of FDI projects were licensed in labour-intensive industries and those that use new and environmentally friendly technologies.Dong Nai topped the localities with 27 foreign-invested projects worth 439million USD.
Vietnam's largest investment partners inthe last two months remained traditional investors from Asia, including Singapore, Hong Kong (China), Japan, China, andthe Republic of Korea (RoK), which accounted for 77% of new investment projectsand nearly 85.5% of the total registered investment capital nationwide.
Meanwhile, although American investorsregistered 12 new investment projects in Vietnam, the total registeredcapital amounted to only 3.22 million USD. European investors have not yetboldly poured capital into Vietnam. The UK led European investors with a registered capital of 36.2 million USD in Vietnam.
Attracting FDI is a crucialgoal for Vietnam in the coming years.
In addition to traditional partners in the region, insiders said Vietnam shouldfocus on drawing more new and potential investors who have advanced technology,adding that diversifying investors will help Vietnam reduce overreliance on anysingle partner.
To improve the quality of FDI attraction, Vietnam needs to stronglyimprove the investment environment, and seek solutions to meet requirementsfrom investors, especially those from European and American countries, insiderssaid./.
