Vietnamplus

More than 150 international investors attended the Investor Conference 2023 hosted by VinaCapital Group on October 3 in Ho Chi Minh City.

The northern province of Hung Yen has focused on creating a safe, effective and competitive investment environment to turn the locality into a “promising land” for enterprises, particularly foreign investors.

Hanoi recorded nearly 2.53 billion USD in foreign direct investment (FDI) registered during the first nine months of 2023, maintaining its top position in FDI attraction in Vietnam, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

A number of large enterprises from the Republic of Korea (RoK) are continuing to pour investment into Vietnam, turning the Southeast Asian country into their leading manufacturing hub in the world.

Difficulties in securing investment capital, advanced technologies and inadequate skilled labour resources are some of the challenges faced by Vietnam in the implementation of the National Strategy for Green Growth for the 2021-2023 period, with a vision to 2025, said Nguyen Van De, Vice Chairman of the People's Committee of Nghe An province at a seminar on Vietnam-Japan green growth cooperation in Hanoi on September 12.

The Association of Southeast Asian Nations (ASEAN) is the most attractive destination for foreign investors, Indonesian President Joko Widodo said at the ASEAN Business and Invetment Summit (ABIS 2023) in Jakarta on September 1.

Hanoi has disbursed a total of 28.1 trillion VND (1.15 billion USD) of investment capital sourced from the State budget in the first eight months of 2023.

With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.

Investors from Singapore, the Republic of Korea (RoK), Taiwan (China), Japan and Malaysia invested about 1.4 billion USD in merger and acquisition (M&A) deals in the field of real estate in Vietnam in the first seven months of this year.

As of July 20, total newly-registered capital, additional capital, and capital contributions and share purchase by foreign investors stood at nearly 16.24 billion USD, up 4.5% compared to the same period of 2022 and 8.8% compared to the first half of the year.

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.

The lack of a breakthrough in vision and infeasible legal policies, worsened by complicated administrative procedures in pharmacy sector, are among limitations that make Vietnam less attractive to foreign investors, said Duong Thi Mai Hoa, managing partner at Hanoi-based Indusviet Legal LLC.

Attracting 2.9 billion USD in foreign direct investment (FDI) in the first half of 2023, Ho Chi Minh City maintained its position as one of the 10 localities receiving highest evaluation from investors for its investment environment prospects. ​

There has been a surge in the number of foreign investors interested in merger and acquisition (M&A) deals in the Vietnamese real estate market, which is a hope for Vietnamese property developers amid the current capital thirst, according to the latest market research released by the Vietnam Association of Realtors (VAR).

Total foreign direct investment (FDI) in Vietnam, including new and additional investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD from January to May 20, according to the Ministry of Planning and Investment.

Vietnam ranked seventh among the top 10 emerging colocation markets globally with a market size estimated to hit 1.5 billion USD by 2026, according to a recent report by KPMG published earlier this month.

Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment attraction in the new period.

To attract new investment inflows, especially foreign capital, Vietnam needs to have an appropriate and attractive investment policy and friendly business environment, said insiders.

Experts and economists gathered at a seminar in Ho Chi Minh City on May 12 to discuss measures to help the southern largest economic hub enhance its attractiveness to foreign investors amid its standstill situation in drawing foreign direct investment (FDI).

Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.