Foreign direct investment (FDI) into Vietnam continues to increase, showing the confidence of businesses in the domestic investment environment. Vietnam is still an attractive destination for foreign investors in the long-term and sustainable vision.
FDI investors believe in Vietnam’s economy
According to data from the Foreign Investment Department (Ministry of Planning and Investment), as of September 20, the total newly and additionally registered FDI capital into Vietnam reached 22.15 billion USD, up 4.4% over the same period in 2020.
According to a World Bank expert (World Bank), Vietnam’s economy is still among the countries with good growth (2.9% in 2020) when most other countries experienced severe economic decline due to the Covid-19 epidemic. The World Bank forecasts Vietnam’s GDP growth at about 4.8% in 2021.
Mr. Choi Joo Ho, general director of Samsung Vietnam complex, said that this group has decided to build the Samsung Research and Development Center in Hanoi at a cost of 220 million USD, and will not change its investment strategy in this market even though the COVID-19 pandemic is still causing many difficulties.
In addition, General Director of Nestlé Vietnam also said that Nestlé will invest 132 million USD in Vietnam in two years to double its production capacity of instant coffee for export and turn Vietnam into a production center for liquid food products to export to Asia and Oceania.
Long-term prospects for FDI in Vietnam
The chief economist of the Asian Development Bank (ADB) Nguyen Minh Cuong analyzed that not only Vietnam but also the global epidemic situation is complicated. FDI enterprises, multinational corporations with headquarters in many different countries are no strangers to this difficult situation.
When deciding to invest, investors always research very carefully, focusing on the potential in the medium and long term. Foreign direct investment (FDI) into Vietnam continues to increase, showing the confidence of businesses in the domestic investment environment, and the immediate difficulties of the epidemic are only temporary.
During the Government’s national online conference with entrepreneurs on August 8, representatives of the business community from Korea, Japan, the United States, Europe, etc. highly appreciated the efforts of the Vietnamese Government in its policies to accompany businesses to effectively prevent epidemics, improve the investment environment, promptly remove difficulties, etc. With a stable political situation, abundant labor resources, production & transport infrastructure, and investment incentives, Vietnam remains an attractive destination for foreign investors in the long-term and sustainable vision.
Source: VTV News