Foreign investors confident in Vietnam’s business environment: official
With the successful control of COVID-19, Vietnam has been widely recognised by the international community as a safe and attractive investment destination.
Workers at a garment-textile firm in Vietnam (Photo: VNA)
Hanoi (VNA) - With the successful controlof COVID-19, Vietnam has been widely recognised by the international communityas a safe and attractive investment destination.
Deputy Minister of Planning and Investment VuDai Thang said while the global flows of foreign direct investment (FDI) coulddecline by up to 40 percent in 2020 due to the impact of the pandemic, the FDIattraction in Vietnam in the first six months remained positive.
Specifically, in January-June, the total amountof capital registered by foreign investors reached 15.67 billion USD, ayear-on-year drop of 15.1 percent. However, the newly-registered and addedcapital increased 13.8 percent and 26.8 percent to reach 8.43 billion USD and3.72 billion USD, respectively.
“These are positive signs, showing theconfidence of foreign investors in the business environment in Vietnam,” Thangsaid.
Particularly, Vietnam is home to over 32,000projects worth 378 billion USD from 136 countries and territories.
While countries across the world are still inthe fight against COVID-19, Vietnam has resumed business activities as usualand become one of the first countries to diversify the supply chains, saidEnvoy Okabe Daisuke from the Japanese Embassy in Vietnam.
Foreign investors are looking at Vietnam as apotential investment destination in the post-pandemic era, he said.
He cited a survey from the Japan External TradeOrganization (JETRO) in February 2020 showed that over 63 percent of Japanesebusinesses in Vietnam plan to expand investment, the highest rate in theAssociation of Southeast Asian Nations (ASEAN)./.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Workers at a garment-textile firm in Vietnam (Photo: VNA) 
