August 03, 2022 | 17:40 GMT+7

Foreign investors remain keen on Vietnam

Anh Nhi - Tra My -

FDI continues to flow into Vietnam as the country has a positive outlook and a friendly investment and business environment.

Photo: Illustration
Photo: Illustration

Foreign investors are placing great trust in Vietnam as a link in global supply chains, as evidenced by disbursed investment capital standing at $15.41 billion in the first seven months of this year.

International financial institutions have released reports recently that point to Vietnam’s positive growth prospects, which have strengthened investor trust.

The Asian Development Bank (ADB) has maintained its growth forecast for Vietnam this year unchanged at 6.5 per cent, while Mr. Michael Kokalari, Chief Economist at VinaCapital, predicted that growth in the third quarter is likely to be in the double digits.

Given the country’s prospects, many foreign investors have said they will continue to invest or expand their investment in Vietnam.

Jinko Solar, for example, has decided to invest in a warehouse project at the Song Khoai Industrial Park in northern Quang Ninh province and a social housing project in the province’s Dong Mai ward, Quang Yen town, totaling nearly $50 million.

Onaga from Japan, meanwhile, has decided to invest in Hanoi, with a factory producing aircraft, aerospace, ship, and motor vehicle components to be put into operation in 2023.

Its strategic location, strong human resources, and socio-economic infrastructure are considered advantages for Vietnam in attracting FDI inflows in the long term.

Foreign investors agree that it has a friendly investment environment, with active support from the local community and industrious and caring workers.