With the increasing foreign investment in Viet Nam, the human resource structure will see a fundamental change since FDI generally goes into industries that require medium to very skilled workers, experts have said.
Statements in a recently published socio-economic report for the first six months of 2021 pointed to many optimistic macro-economic indexes. The GDP was said to recover positively, import and exports showed growth, the budget revenue exceeded estimates, Foreign Direct Investment (FDI) began pouring in again, and the number of new businesses saw a positive increase.
China was ranked first in terms of foreign direct investment (FDI) equity inflows to Cambodia in the first half of this year, at about $2 billion, according to the Chinese ambassador.
Viet Nam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in 2020 with an inflow of US$16 billion.
The southern province of Long An led the country in attracting foreign direct investment (FDI) capital in the first half of this year, despite the COVID-19 pandemic.
VietNam Economic News
The prospect of attracting foreign direct investment (FDI) in Vietnam in the medium and long term is bright. However, Vietnam needs appropriate laws and policies to attract large and high-quality FDI projects.
Dong Nai Province has attracted nearly US$715 million worth of foreign direct investment so far this year, already exceeding its full-year target of $700 million.
Foreign direct investment in real estate during the first six months rose 35 percent year-on-year to $1.15 billion, ranking third in all sectors.
Foreign investors have poured US$15.27 billion into Viet Nam so far this year, equivalent to 97.4 per cent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).