Mon 13-06-2022 11:22 AM
HANOI, 13th June, 2022 (WAM) — Vietnam needs immediate solutions to attract more foreign direct investment (FDI) and strengthen its sources, according to experts.
According to data, after 35 years of implementing the open-door policy to attract FDI, up to now, Vietnam has received investment from 140 countries and territories around the world.
According to the Vietnam News Agency (VNA), foreign capital flows have been present in most localities in the country, with projects invested by big global names such as Intel, Microsoft, Foxconn, Samsung, Sanyo, Sony, Fujitsu, Toshiba, and Panasonic.
Depicting a full picture of the situation in Vietnam, the annual report on foreign investment in Vietnam in 2021 by the Association of Foreign Investment Enterprises (VAFIE) published recently highlights encouraging results.
The report said, “FDI enterprises account for about 25 percent of total social investment capital, 55 percent of total industrial production value, and more than 70 percent of export turnover.”
It said this proved the local business and investment environment was increasingly improving, making foreign investors believe in the success of doing business in Vietnam by adjusting investment capital to expand the business and increase profits.
Notably, foreign investors’ capital contribution and share purchase activities in Vietnam have been very active in the past ten years, accounting for a high proportion of registered and realized FDI.
WAM/Esraa Ismail/Rola Alghoul