Vietnam has emerged as an attractive investment destination.

Vietnam has emerged as an attractive investment destination.

Vietnam’s strong performance economic indicators testify to this fact, and have confirmed and reinforced their place as part of multinationals’ supply-chain diversification strategies. Starting 2024, foreign investors can utilize Vietnam for high tech foreign direct investments (FDI).

Vietnam’s economic strength can be gauged from its macroeconomic indicators that remain under control, as well as through affirming and strengthening its role in supply chain diversification strategies of multinational corporations. Vietnam will likely experience an upsurge of foreign direct investments (FDIs) as foreigners jump at the chance to implement high-tech projects here.

Nguyen Bich Lam, former General Director at the General Statistics Office has given an interview to Vietnam News Agency regarding Foreign Direct Investment as well as strategies to enhance capacity and motivation and thus advance economic growth.

Experts reported that registered foreign direct investment (FDI) increased by 38.6% year-on-year through February of 2019, reaching $4,29 Billion USD and disbursed via FDI reaching 2.8 Billion USD; an annualized increase of 9.8% over last year’s first two month of 2023.

Lam noted that China’s fragmented economy in an environment of unpredictability and fierce competition had reduced and altered international investment flows; yet due to its relatively stable economy it remained attractive for overseas investors.

PwC’s 2014 research, “World in 2050,” predicted Vietnam would experience the second-highest annual GDP growth worldwide and an average 5.3% per annum over 36 years between 2014-2050 – this significant macroeconomic metric represents evidence of Vietnam’s government’s success at stabilizing and recovering its economy.

Foreign investors praised Vietnam for joining global green development trends by signing onto COP 26. Additionally, its government issued policies encouraging investors from overseas to invest in projects using advanced technology, eco-friendly materials and modern management methods that contribute actively to production chains and global supply.

Lam noted that Vietnam is deeply integrated into both regional and global economies. Vietnam has signed and implemented free trade agreements covering more than 60 nations from every continent – according to World Trade Organisation standards both countries rank equally when it comes to market liberalisation.

Vietnam has simplified regulations surrounding foreign ownership in listed corporations, providing investors with greater certainty. Since 2015, the Government has relaxed restrictions to up to 100% foreign ownership for listed corporations as well as permitting unrestricted foreign investments into government bonds.

Vietnam boasts an advantageous geographic position as it serves as a key port for international goods trade by sea. Furthermore, investors find Vietnam attractive due to its increasing synchronization in technology and infrastructure development.

Vietnam has adopted an independent and self-reliant foreign policy. Additionally, diversification and multilateralization strategies are pursued as it strives to become an dependable member and partner in international politics and economies. Vietnam enjoys an open foreign policy with flexible relations. All five permanent UN Security Council members recognize Vietnam’s comprehensive or strategic partnerships; Australia was recently appointed one. Vietnam has elevated itself from regional economic-security center status into becoming a significant international player – its position has grown even higher now that Australia is among Vietnam’s seven comprehensive strategic partners comprehensive or strategic partners comprehensives on 7 March 2024! In today’s globally connected economy this nation boasts both political-economic communities alongside an connected economy which connects.

Upgrade of US and Japan comprehensive strategic partnership is crucial to economic development, specifically trade, investment and science/technologies ties. He noted that increasing foreign direct investment (FDI) into exports/high technology industries offers great potential to entice more FDI by 2022.

Vietnam should experience improved growth this year due to an enhanced role that Vietnam’s economy plays in diversifying supply chains by multinational corporations. A stable social-political foundation will play an integral part in Vietnam attracting Foreign Direct Investment by 2024.

Fitch Ratings recently upgraded Vietnam’s sovereign credit ratings to BB+ with a stable outlook, given its numerous achievements under Economy 2024 and their potential impact in drawing foreign direct investment to the country.