Chinese daily affirms attractiveness of Vietnam’s investment environment
The International Business Daily, the mouthpiece of the Chinese Ministry of Commerce, recently posted an article highly valuing Vietnam’s investment and business environment, especially its efforts in and results of attracting foreign investment in recent times and future prospects.
Hanoi (VNA) – The International Business Daily, the mouthpiece ofthe Chinese Ministry of Commerce, recently posted an article highly valuing Vietnam’sinvestment and business environment, especially its efforts in and results ofattracting foreign investment in recent times and future prospects.
The article wrote that over recent years,with the stable development of the economy, Vietnam has attracted an increasingattention of investors, and always leads Southeast Asia in terms of foreign directinvestment (FDI) attraction.
Compared to other Southeast Asiancountries, Vietnam is more attractive to foreign investors because of its advantages - astable political institution and an abundant and skilled workforce. Over recentyears, Vietnam's semiconductor and high-tech industries have grabbed much attentionfrom the world.
It cited data from the Vietnamese Ministryof Planning and Investment’s Foreign Investment Agency as saying that by January 20, Vietnam had attracted more than 2.36 billionUSD in foreign investment, up 40.2% year-on-year.
The author forecast that Vietnam's FDIattraction will maintain good growth momentum this year and the next period,given the fact that the Vietnamese Government always creates favourableconditions for investors for mutual development and benefit, with a lot of incentives on tax, factories, labour, raw material supply, and infrastructure.
According to the author, Vietnam boasts richnatural resources, a rapidly growing consumer market, and a continuouslyimproving policy environment, thus creating huge market potential thatinvestors can exploit./.
Vietnam remained an exception in attracting foreign direct investment (FDI) on the global and regional scale last year. The Southeast Asian economy was expected to attract a large amount of FDI this year, said economists and analysts.
Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Illustrative image (Photo: VNA) 
