Vietnam has attracted investment from 141 countries and territories. (Photo: VNA)
Hanoi (VNA) – The 2022 annual report of foreign investment in Vietnamwas announced at a ceremony in Hanoi on March 10.
The report is authored by Prof., Dr. Nguyen Mai - Presidentof Vietnam’s Association of Foreign-Invested Enterprises (VAFIE), withreference to documents of many prestigious international organisations such asthe International Monetary Fund (IMF), the World Bank (WB), the AsianDevelopment Bank (ADB) and the United Nations Conference on Trade andDevelopment (UNCTAD).
The annual report aims to provide an objective andscientific assessment of foreign investment in Vietnam and the country’soverseas investment, in comparison with annual, medium-term, and long-termorientations and targets. This gives an all-round view of the FDI sector’s roleand impact on Vietnam’s economy and society.
The launch of the 2022 annual report on foreign investment in Vietnam (Photo: ttdn.vn)
This year’s version, the second of its kind, consists ofthree chapters: the global and ASEAN situation, foreign investment in Vietnam,and orientations and solutions.
To make it, the VAFIE conducted a survey of 10 localitiesattracting and using FDI capital with high socio-economic efficiency toevaluate, research, draw lessons, find out opportunities and challenges in improvingthe quality and effectiveness of FDI inflows.
In order to effectively implement FDI attraction orientations,the report said that Vietnam needs to improve its policies to attract and useFDI with a focus on green growth, digital transformation and supply chainconnectivity of domestic and foreign-invested enterprises.
As of February 2023, Vietnam had attracted nearly 440 billion USD from 141countries and territories./.
Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.
Vietnam’s continued efforts to improve its business and investment climate is expected to help the country to lure in further foreign direct investment (FDI), which is considered one of the key impetuses for economic growth.
As much as 332.3 million USD in foreign investment was poured into Ho Chi Minh City in the first two months of this year, up 43.1% year on year, the municipal Statistics Office reported.
The southern province of Dong Nai has seen positive changes in foreign direct investment (FDI) in the first two months of this year as its newly-licensed projects use advanced technology, are less labour intensive and more environmentally friendly.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnam has attracted investment from 141 countries and territories. (Photo: VNA) 
The launch of the 2022 annual report on foreign investment in Vietnam (Photo: ttdn.vn) 
