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It is forecast that higher-quality FDI will pour into Vietnam in the near future, mostly in clean energy, hi-tech agriculture and mechanical engineering.

The UK – Vietnam Free Trade Agreement (UKVFTA) is said to contribute to promoting the influx of quality foreign direct investment (FDI) into Vietnam.

With its advantages and efforts, the northern port city of Hai Phong is taking steady steps forwards to become a leading locality of the country and a model city in Asia as expected by the Politburo.

The Quang Ninh provincial People’s Committee started construction work on an industrial factory complex worth over 2.7 trillion VND (115 million USD) in total in Quang Yen town on September 1 and also granted investment registration certificates to two projects in the complex.

An exhibition spotlighting development achievements of the country and Hai Phong in particular, opened in the northern port city on August 30.

Ho Chi Minh City’s economy has maintained its recovery pace, as seen in the increasing numbers of both new businesses and those that have restored their operations, as well as the rise in foreign investments, the city officials reported at a press conference on August 30.

Hai Phong administration remains committed to creating a favourable and fair environment for foreign investors, including those from the Republic of Korea, an official of the northern port city said on August 16.

Vietnamese enterprises currently have limited participation in the global supply chain, and are not deeply involved in the value chain of multinational corporations in Vietnam.

Vietnam’s process manufacturing sector has to date attracted 252 billion USD in foreign direct investment (FDI), accounting for nearly 60% of the total foreign capital poured into the Southeast Asian country.

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Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has seen quick recovery since the beginning of this year on the back of the recovery of global production and supply chains.

Vietnam reached more than 14 billion USD in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI).

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation.

The number of businesses in Ho Chi Minh City amounted to 216,170 in 2021, up 26.2 percent from 2016, according to the city’s economic census for last year.

According to HSBC, despite the local disruption due to the COVID-19 pandemic, Vietnam continues to benefit from stable FDI inflows from giants in the technology industry, including familiar corporations and new direct investment.

Though Vietnam suffered a brief setback in 2021 because of the highly-infectious Delta variant of COVID-19, its economy has begun to recover since the end of last year with exports achieving outstanding performance, Hong Kong (China)-based news outlet HK01 reported.

The reopening of international flights to Vietnam after more than one year of closure, coupled with the country’s bright prospect for economic recovery, will help accelerate the inflow of foreign direct investment (FDI).

Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.

There was a significant increase in Japanese investment in Vietnam’s non-manufacturing industries, such as retailing, education, healthcare, energy, finance and insurance, transport and real estate, according to a 2021 survey of the Japan External Trade Organisation (JETRO) on 700 Japanese FDI enterprises in Vietnam.

Vietnam remains an attractive destination for Foreign Direct Investment (FDI), which is likely to experience a surge in 2022 after a long hiatus due to the pandemic, according to economic experts.