Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually.

With the entry into force of the Regional Comprehensive Economic Partnership, Vietnam is seeing wider doors opened for it to woo investment and swell trade with foreign partners.

Amid rapid economic recovery following the COVID-19 pandemic, Vietnam’s foreign direct investment (FDI) attraction this year is anticipated to record positive signs and hit US$40 billion, according to insiders.

 Although the fourth wave of the pandemic negatively affected local production and businesses, the inflow of foreign investment to the southern key economic region increased significantly in 2021.

Minister of Planning and Investment Nguyen Chi Dung said that Vietnamese enterprises’ participation in the global value chain is very modest in both quantity and quality.

Low labour costs, a geographical location close to Asian supply chains, and Japan and the Republic of Korea (RoK)'s efforts to promote greater overseas investment are considered as three factors in boosting Vietnamese foreign direct investment (FDI).

Vietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade.

AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.

Vietnam has surpassed China to become the major manufacturer of Nike sports shoes.

Vietnam is seeking further approval of the EU-Vietnam Investment Protection Agreement by member states of the EU, as the deal will protect the benefits of investors of both sides when performing in their respective territories.

With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire.

If Vietnamese only think about achievements and ignore the warnings about macroeconomic risks, they will just be ‘resting on their laurels’, Party Chief Nguyen Phu Trong has said.

The total new, adjusted capital and share purchases by foreign investors reached 31.15 billion USD as of December 20, up 9.2 percent annually, reported the Foreign Investment Agency (FIA).

Under the current regulations on foreign investors buying shares of Vietnamese banks, the total share ownership rate of foreign investors must not exceed 30 per cent of the charter capital of a bank.

A recovery in the global investment flow will open up a bright future for Vietnam’s investment attraction, according to experts.

Singaporean businesses are increasingly investing in new data centres in Vietnam to serve the rising demand for data storage solutions in Vietnam.

The euphoria among young investors in the last weeks seems to be dying down now, with many F0 investors realising that the stock market is no longer an easy place to reap profits.

Vietnam should learn from India and Singapore’s experiences in attracting foreign startups, Dao Quang Binh, Head of Market Development Division at TECHFEST 2021, said.

While sustainable smart cities are considered a solution to sustain international business investments, for Vietnam experts have advised local cities and provinces to prioritise building them to attract FDI.

More Japanese investors are actively entering Vietnam's renewable energy market to satisfy increasing energy demand.