Hanoi (VNA)💧 – Foreigndirect investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of thisyear, insiders said.

According to the Ministry of Planning and Investment, by July 20, the total newly registered capital, adjusted and contributed by foreign investors had neared 16.24 billion USD, up 4.5% overthe same period in 2022.   Meanwhile, capital implemented by foreign-invested projectsreached about 11.58 billion USD, increasing by 0.8% from the same periodlast year. Director of the ministry’s Foreign Investment Agency(FIA) Do Nhat Hoang said that after falling for six months, Vietnam’s FDI attraction increased in July thanks to theGovernment’s timely and flexible solutions to support businesses. In July only, total registered capital was over 2.8billion USD, increasing by 8.9%, 41.9%, and 85.7% compared to that of June2023, May 2023, and July 2022, respectively. Hoang said that new investment capital andnew projects increased sharply over the first months of this year. Small- and middle-sized foreign investors continued to getinterested and confident in Vietnam’s investment climate, he said. Meanwhile, Vietnam’s tourism posted a strong recovery inJuly, attracting over 1 million foreign visitors, an increase of 6.5% over theprevious month. In the first seven months of this year, Vietnam welcomedmore than 6.6 million foreign visitors. The figure was 6.9 times higherthan that of the same period last year. Vu Tuan Anh, chairman of JCI Vietnam, said that thefigures show Vietnam’s visible recovery in tourism. Tourism also helped stimulate the growth of the transportand commerce sectors. In the first seven months, the transport sector served over 2.6 billion passengers, marking a year-on-year increase of 15.8%. Meanwhile, over 1.3 billion tonnes of goods weretransported during the period, a year-on-year rise of 15.3%. According to the Ministry of Industry and Trade, in thefirst seven months, total retail sales of consumer goods and services increasedby 10.4% over the same period last year. Economic expert Ngo Tri Long said that domesticconsumption, public investment, and exports will continue to be key drivers forVietnam’s economic growth in the coming months./.