30 years of FDI in Vietnam: new vision and opportunities in a new era
30 years of FDI in Vietnam: new vision and opportunities in a new era
Less than two weeks are left before Vietnam celebrates 30 years of FDI mobilisation with a large-scale conference reviewing performance so far and discussing strategies and opportunities in the future.
The conference on 30 years of FDI mobilisation in Vietnam will take place on Thursday, October 4, 2018 at the National Conference Centre (NCC), 1 Thang Long Avenue, Me Tri ward, South Tu Liem District, Hanoi.
Prime Minister Nguyen Xuan Phuc will attend and chair the conference, which will welcome the speakers, including leaders of ministries and provinces, business associations, domestic and foreign investors, and foreign direct investment (FDI) experts to discuss the strategy, directions, and future solutions for FDI in Vietnam.
On the side-lines of the conference, the exhibition on 30 years of FDI achievements will also take place, including various images, graphics, maps, and artefacts to give the audience a general overview of the achievements made during the past 30 years (1998-2018), with special focus on the accomplishments of the Doi Moi Renovation and international integration.
The exhibition will share information about the strengths and new investment opportunities in Vietnam. Special attention will be given to initiatives in the fields of economics, tourism, and services, which have enhanced the competitiveness and the investment environment of Vietnam.
The conference is an opportunity to promote and share the government’s strategy with the business community and global investors on the future directions for FDI, as well as share information on the development of specific industries and localities, including investment opportunities.
According to the Ministry of Planning and Investment’s Foreign Investment Agency, as of the end of August 2018, there were 26,438 valid foreign-invested projects with the total registered capital of $333.83 billion across 19 of 21 economic sectors. Of these, the processing and manufacturing industry made up the largest proportion with around 57 per cent of the total investment, followed by real estate (17 per cent) and the production and distribution of power, gas, and water (6.8 per cent).
There are 129 countries and territories operating foreign-invested projects in Vietnam. South Korea and Japan are the two biggest investors, with the total investment capital of nearly $117 billion, capturing 33 per cent of the total investment, followed by Singapore, Taiwan, the British Virgin Islands, and Hong Kong.
