Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s foreign investmentattraction will see a positive outlook in the coming time as efforts have beenmade to improve investors’ trust in the country, said director of the Ministryof Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.
Besides political and social macroeconomicstability, Vietnam is making great efforts to improve its investmentenvironment and continue to perfect three strategic breakthroughs ofinstitutions, infrastructure, and human resources, he said.
Vietnam has also held policy dialogues, supported investors toovercome difficulties, and prepared conditions to welcome investors includingland, energy, high-quality human resources, and supporting industries.
Hoang said that the most necessary thing for foreign directinvestment (FDI) enterprises is human resources, adding Vietnam is developing training programmes to improvetechnical skills and labour productivity of human resources. In particular, thecountry is paying more attention to training based on the actual needs ofenterprises.
Director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang. (Photo: MPI) “Many prestigious international organisations highlyappreciate the results and prospects of Vietnam’s economic development,” Hoangsaid.
According to a survey conducted by the Japan TradePromotion Organisation (JETRO) in 2022 with Japanese enterprises in Vietnam,60% of the surveyed enterprises said they will expand their business in Vietnam in thenext one or two years, the highest in ASEAN.
They also said Vietnam has the advantage of high growthpotential, and businesses can increase revenue by expanding markets and increasingexports.
Meanwhile, according to a survey in January 2023 on thebusiness environment of the European Chamber of Commerce in Vietnam (EuroCham),Vietnam is among the top five investment destinations globally.
Recently, in the World Happiness Report, Vietnam rose 12places, ranking 65 out of the 137 countries.
“These are obvious evidence for the support and trust ofthe business community in Vietnam in recent years,” Hoang said.
Notably, after reducing for months, Vietnam’s FDIattraction increased in July thanks to the Government’s timely flexiblesolutions to support businesses.
In the past seven months, some economic indicators gotpositive such as total newly registered capital, adjusted and contributedcapital from foreign investors reachednearly 16.24 billion USD, up 4.5% over the same period in 2022. There were 1,627 new projects, up 75.5%over the same period, with the total registered capital reaching nearly 7.94billion USD, up 38.6% over the same period.
Hoang said that Vietnam is aiming to attract investmentselectively, and improve investment promotion in selected fields relating tothe digital economy, green economy, innovation, and renewable energy.
He added that his office will coordinate withinternational organisations to select potential corporations with competentfinancial capacity, and modern management./.
