Vietnam has enjoyed high export growth but experts are concerned that the main contributor is foreign direct investment (FDI).

Ho Chi Minh City received 1.45 billion USD of overseas remittances in the first three months of this year, up 10 percent over the same period last year, reported the city Committee for Overseas Vietnamese Affairs.

Vietnam has for the first time released a list of sectors which foreign investors are restricted or banned from accessing.

Rising land rent and shortages in industrial zones (IZs) may cause multinationals, which are seeking land near Hanoi and HCMC City, to hesitate to come to Vietnam.

The real estate firm of Dang Thanh Tam has attracted $1.2 billion worth of investments into its IZs within a short time, projecting a profit increase of 6-7 times in 2021 amid continued foreign capital inflow.

Although Vietnam has been improving its business and investment environment significantly throughout the last four decades, the cooperation between domestic and foreign-invested companies could be much improved.

Political stability has been seen as one of the main reasons for Vietnam’s success in recent years in terms of attracting foreign investment. 

While many developed countries have been struggling with the pandemic, Vietnam has maintained a trade surplus of nearly $1.29 billion in the first two months of 2021.

To become a developed country by 2045, Vietnam needs to obtain a GDP per capita of $20,000 per annum. As such, it needs to reach a GDP growth rate of 7.5-8 percent per annum in the next 25 years.

Although the country’s registered foreign direct investment capital went down by 15.6% on-year due to the pandemic, financial injections still managed to find their way to high-tech projects in the first two months of the year.

Vietnam needs to create favorable conditions for ‘Viet dragons’ and ‘foreign eagles’ to join the "tango dance" that brings benefits to both sides, according to VIetnam Chamber of Commerce and Industry (VCCI) chair Vu Tien Loc.

The growing stores of COVID-19 vaccines are widely regarded as a positive factor for foreign investment mobilisation this year as the world tries to move back to some kind of normality.

Vietnam’s attraction of overseas electronics and technology conglomerates cannot be overlooked. 

Despite the recent resurgence of the COVID-19 pandemic, the majority of foreign businesses remain optimistic for 2021 with some expansion plans.

A series of large-scale foreign-invested projects worth hundreds of millions of US dollars are flocking to Vietnam, promising a bright outlook in attracting this type of capital inflow this year.

Prime Minister Nguyen Xuan Phuc has decided to give in-principle approval to a project to build infrastructure of Yen Phong II-A Industrial Park (IP) in the northern province of Bac Ninh.

Foreign media and international institutions say that Vietnam is an attractive choice for manufacturers and investors who are seeking to diversify supply chains in Asia.

The US independent management consultancy Asia Perspective has published a report on the Vietnamese economy, which highlighted that in the fourth quarter of 2020, Vietnam posted rapid growth thanks to the recovery of manufacturing.

More and more large manufacturers have decided to set production facilities in Vietnam.

Vietnam posted an estimated trade surplus of $1.3 billion in January, according to a report recently announced by the Ministry of Industry and Trade (MoIT).