Vietnam remains a country with a competitive advantage in attracting foreign investment, according to Chairman of the Vietnam Association of Foreign Invested Enterprises.
Vietnam is expected to have by 2032 an 8-9 per cent share of global capacity in chip assembling, testing and packaging (ATP), from just 1 per cent in 2022.
With the potential to develop into a trading and manufacturing hub of the world, Vietnam continues to attract foreign investors, analysts have said. Factors that make Vietnam attractive to foreign investors include strong GDP growth, of 7 per cent a year for two decades prior to Covid-19 and forecast at 7.5 per cent in 2022, and a young workforce fluent in English and possessing other skills.
According to the Hanoi Stock Exchange (HNX), transactions on the derivatives market fell sharply in July against June, while open interest (OI) for futures contracts was up 0.72 per cent. The proportion of foreign investor transactions also rose slightly compared to June, accounting for 1.38 per cent of total trading volumes.