Fresh foreign investment in Việt Nam up 11.1% in 4 months
Việt Nam attracted 750 new foreign-invested projects, worth over US$4.1 billion in the first four months of this year, up 65.2 per cent in the number of projects and 11.1 per cent in the level of capital, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The growth of the number of new projects was much higher than that of investment capital, which demonstrated that small and medium-sized foreign investors continued to believe in the country's investment environment, the FIA has said.
It added that new foreign-invested projects still focused on provinces and cities that had many advantages in attracting foreign investment including good infrastructure, stable human resources, efforts to reform administrative procedures and effective investment promotion. Among these localities were Hà Nội, Bắc Giang, HCM City, Bình Dương, Đồng Nai, Bắc Ninh and Hải Phòng.
Việt Nam was now selective in attracting FDI with the focus placed on quality, efficiency, technology and environmental protection, PM Chính said, adding that priorities would be given to projects in high technology, innovation, research and development, projects which enabled Vietnamese enterprises to participate in value chains, and projects which promoted digital economy, green economy, circular economy and sustainable development.
Investors would be offered the best business environment in line with OECD standards, including maintaining socio-political and macroeconomic stability, removing bottlenecks and difficulties in terms of legal institutions, infrastructure and human resources, developing supply chains, reducing transaction costs, and developing a stable, predictable policy environment with high transparency and accountability, he said.
He also urged enterprises to develop long-term business strategies in Việt Nam with a focus on sustainable development, environment protection and emerging sectors including digital transformation, green transition, circular economy, innovation, knowledge economy and climate change adaptation.
