Attracting FDI in the first two months of the year is very positive
The situation of attracting FDI in the first two months of 2024 in Vietnam is very positive. Specifically, registered investment capital reached $4.29 billion, an increase of 38.6%. This is a very high number compared to the same period. The disbursement results increased by 9.8% – equivalent to $2.8 billion, showing that the commitments of foreign investors in Vietnam are specific.
Foreign investors have invested in 16/21 national economic sectors. In which, the processing and manufacturing industry is leading with a total investment capital of nearly $2.54 billion, accounting for 59.1% of the registered investment capital and increasing by 16.8% compared to the same period.
The real estate business sector ranked second with a total investment capital of nearly $1.41 billion, accounting for 32.7% of the registered investment capital, more than 3.5 times higher than the same period. Following that are wholesale and retail sectors; professional activities, science and technology…
An notable point about foreign investment capital in Vietnam is the high ratio of new capital and new projects. This is a very good signal and it is expected that this new capital will have an impact on Vietnam’s growth in 2024 and 2025.
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At the regular Government press conference in February 2024, Deputy Minister of Planning and Investment Tran Quoc Phuong said that foreign investors see and assess the potentials and prospects of Vietnam’s economy – an attractive destination in the coming years.
Therefore, Vietnam needs breakthrough solutions to attract large projects, large investors to Vietnam, especially large companies, large projects in the fields that we are interested in, especially in the fields of science and technology, innovation and especially the semiconductor industry and new industries.
3 sectors that foreign investors are particularly interested in
In terms of sectors that foreign investors are interested in, Deputy Minister Tran Quoc Phuong said, the first is infrastructure and land. For large projects, there is a high demand for land and a high requirement for infrastructure. Therefore, the solution for this field is to continue to focus on improving, accelerating the progress of large-scale infrastructure projects as set out in the implementation of construction and especially to immediately implement the guiding documents to be implemented early in the first days of the effective date of the Land Law.
The second field that investors are interested in and Vietnam needs to focus on is breakthrough solutions for human resources. For foreign investors, especially large-scale investors, the demand for human resources is very high. Meanwhile, Vietnam has the advantage of abundant human resources, still in the period of a golden population.
The Government and the Prime Minister have directed the construction and implementation of a project to strive to train about 100,000 workers, laborers, as well as engineers in the fields of innovation and semiconductor, including 50,000 laborers dedicated to the semiconductor field. The Ministry of Planning and Investment is coordinating urgently with related ministries and branches to complete the project, to submit to the Prime Minister, to early train this high-quality labor force.
The third field that foreign investors are interested in and Vietnam continues to focus on implementing breakthroughs is the institutional field. In the past time, the Government has submitted and the National Assembly has passed many new breakthrough policies that have a positive impact on growth, attracting investment, such as the Land Law, the Bidding Law and other laws.
Along with that are regulations on entry and exit, procedures, visa regulations that also have a very good impact on the psychology of investors when coming to Vietnam. These innovative policies are not only welcomed by tourists but also by investors.
