Enhancing the quality of FDI inflows
VOV.VN - Vietnam aims to attract high-quality FDI that enhances competitiveness, boosts sustainable growth, and supports long-term economic autonomy.
The success of a foreign direct investment (FDI) attraction strategy should not be measured by the amount of pledged capital alone, but more importantly by the quality of growth it brings, its ability to boost competitiveness, and how well it supports the economy’s adaptability.
These are essential foundations for building a modern, self-reliant, and sustainably growing economy.
Amid ongoing global economic uncertainties, Vietnam continues to stand out as an attractive investment destination in Asia. With over 42,500 projects and registered capital surpassing US$507 billion, the country now ranks among the top 15 globally in terms of FDI attraction.
However, behind these impressive figures lies the pressing issue of ensuring the quality and sustainability of foreign investment. Deputy Minister of Finance Do Thanh Trung has frankly pointed out that most FDI still flows into sectors employing outdated or medium-level technologies, largely taking advantage of low labor, energy, and land costs.
Deputy Minister Trung affirmed, “The Ministry of Finance is committed to pushing for further reforms, especially institutional reforms as instructed by the Prime Minister. These reforms will cover a wide range of areas, from tax and customs to administrative procedures, with a strong focus on automation is to improve the effectiveness and efficiency of public services, reduce processing times and costs for both businesses and government agencies.”
The Government and the business community, particularly the FDI sector, need to forge a new kind of relationship that goes beyond investment partnership and moves toward development partnership. The active engagement of both domestic and foreign investors will serve as a key driver for Vietnam to navigate current challenges.