#foreign investment

On Nov. 12, Quang Ninh Vice Chairman Le Van Anh met with a delegation from Laos to share the city's experience in attracting and managing foreign investment.

Foreign direct investment (FDI) inflows into Việt Nam maintained strong growth momentum over the past 11 months while the disbursed capital reached the highest level in five years, the National Statistics Office (NSO) under the Ministry of Finance said on December 6.

These changes are designed to address long-standing barriers that have limited foreign participation and delayed the introduction of new products.

Experts highlight that foreign investment contributes to GDP growth through three main channels - increasing capital accumulation, facilitating technology transfer and enhancing management efficiency and production organisation.

On the first working day of 2025, Bắc Ninh province, which leads the way in FDI, granted investment registration certificates and investment approval decisions to 18 domestic and foreign enterprises, with a total registered capital of US$1.8 billion.

By the end of September, 98 countries and territories had invested in Việt Nam.

The GSO said that foreign investment inflows into Việt Nam saw a positive increase of 13.1 per cent year-on-year to nearly $15.19 billion.

Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead, the Ha Noi Moi newspaper assessed in its recent article.

This was an encouraging figure compared to the same month of last year when foreign investment registered in Việt Nam saw a yearly decline of 20 per cent, the FIA said.

The southern economic hub of HCM City ranked the top in foreign investment attraction with 12,398 projects worth $57.63 billion, accounting for 31.67 per cent of the total number of projects and nearly 13 per cent of the total registered capital.

Foreign investors have invested in 56 provinces and cities during the 11 months of this year.

During the reviewed period, foreign investors pumped US$16.24 billion into the country, up 4.5 per cent year-on-year, the FIA said.

Prominent advantages in transport infrastructure with road, sea, rail and air routes have made the northeastern province of Quang Ninh “a magnet” for foreign investment.

Attracting investment from large corporations has been a success, but keeping the “eagles” is also a great challenge, requiring Vietnam to continue to make improvements on institutions, business environment, infrastructure and especially the quality of human resources, as well as unify regulations before their promulgation, to avoid overlapping regulations, leading to difficulties for the business during the compliance process.

Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period.

Standing Deputy Prime Minister (PM) Pham Binh Minh has just signed Decision 667/QD-TTg approving the foreign investment cooperation strategy for the 2021-2030 period.

Despite challenges prompted by the complex developments of COVID-19, Vietnam saw positive signals in foreign investment in 2021, according to an article published on the foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website.

As of November 20, foreign direct investment capital inflows into Viet Nam reached US$26.46 billion, an increase of 0.1 percent compared to the same period last year.