Affirming the attractiveness of the investment environment in Vietnam
NDO – International Trade Newspaper – the mouthpiece of the Chinese Ministry of Commerce recently published an article appreciating the investment and business environment in Vietnam, especially the efforts and results of attracting foreign investment. beyond the past and future prospects.
With the title “Vietnam actively attracts foreign investment”, the article said that in recent years, with the stable development of the economy, Vietnam has increasingly attracted the attention of investors. foreign investment, always leading Southeast Asia in the field of attracting foreign direct investment (FDI).
Compared to other Southeast Asian countries, foreign investors choose Vietnam because of its advantages from stable political institutions and an abundant and skilled labor force. In recent years, Vietnam’s semiconductor and high-tech industries have attracted much world attention.
Citing data from the Foreign Investment Department under the Ministry of Planning and Investment on total foreign investment capital newly registered, adjusted and contributed capital, purchased shares, purchased capital contributions of foreign investors in Vietnam By January 20, 2024 (reaching more than 2.36 billion USD, an increase of 40.2% over the same period in 2023), the article’s author assessed that Vietnam had signed a free trade agreement (FTA) with More than 60 countries around the world, with partnerships with many member countries in the G20 group, it is forecast that Vietnam’s foreign investment attraction will continue to maintain good growth momentum this year and the next period. .
Also according to the article, the Vietnamese Government encourages foreign investors to invest and do business with the motto “The success of investors is also the success of Vietnam”, creating favorable conditions for investors. Investment for mutual development, mutual benefit, with many preferential policies on taxes, factories, labor, raw material supply, infrastructure, policies, laws…
Explaining the main factors that make Vietnam an attractive destination for foreign investors, the article states that over 70% of Vietnam’s population is under 35 years old and has high levels of education and skills. quite high technology, creating an abundant, cheap labor resource; In addition, Vietnam also has a very strong startup culture.
According to the author of the article, Vietnam has rich natural resources, a rapidly growing consumer market and a constantly improving policy environment, creating huge market potential that investors can exploit.
Specifically, located on the Indochina peninsula, Southeast Asia, Vietnam has a very favorable geographical position, facing the sea on three sides, long and narrow terrain, the north borders Guangxi and Yunnan of China, The west borders Laos and Cambodia, the east borders the sea with a coastline of up to 3,260km.
The article affirms that, once an agricultural country, with 60% of the agricultural and forestry cultivation area, in recent years, Vietnam has gradually promoted the role of the phone manufacturing and export industry. computers and electronic components, the scale of the economy is constantly expanding, with a harmonious structure and an increasing degree of openness to the outside world, forming a layout with the state economy as the main focus, Economic sectors develop together.
Source: Baonhandan.vn
