Investment News


Actively attracting selective FDI

27/02/2021

 

Mr. Do Nhat Hoang, Director of Foreign Investment Department (Ministry of Planning and Investment) shared about Vietnam's advantages and preparation to welcome FDI wave in the coming time.

To attract investment, it is necessary to improve infrastructure and raise the quality of human resources

Quickly shift numbers to attract more investment capital

The Vietnamese government is proactive in the wave of global supply chain shifts

How do you evaluate the role and advantages of Vietnam in attracting foreign investment compared to other countries in the region and countries with the same competitive advantages?

The attractiveness and advantages of Vietnam's investment environment today come from the internal factors of the economy and the impact of external factors. Available advantages and advantages of Vietnam's investment environment such as political stability, fast and sustainable economic growth, abundant human resources, large market, competitive costs, preferential policies attractive incentives, the economy is integrating more and more deeply, and the geographical position is favorable.

In addition, there is the effort of the whole political system from the central to local levels in improving the investment environment, reforming policies and administrative procedures to create the most favorable conditions for investors to operate. success in Vietnam.

The attractiveness of Vietnam is also affected by external factors such as trade conflicts between major economies, causing international corporations and businesses to have the need to relocate production locations to avoid tax rates. high capacity. In addition, Covid-19 causes countries and international corporations to speed up the process of investment restructuring to avoid dependence on one country or one partner.

Moreover, some developed countries such as the United States, Japan, Korea... have issued preferential policies and supported companies to move production lines back home or invest to a third country in order to supply chain diversification. Vietnam has many opportunities to welcome this wave of transformation due to its advantages in investment environment, as well as its success in controlling the Covid-19 epidemic recently.