Vietnam remains attractive investment destination for foreign financiers

VOV.VN - Despite enduring the adverse impact of the COVID-19 pandemic and global uncertainties, several foreign investors continue to view Vietnam as an attractive investment destination, according to insiders.

A survey conducted by Cushman & Wakefield highlights that more than 200 senior representatives from leading investment firms have selected Vietnam as their primary investment destination among emerging markets, with the country obtaining nearly 80% of the votes, followed India getting 75%.

Despite concerns about global macroeconomic instability, rising interest rates, and high inflation, foreign investors continue to inject money into committed projects in the country, said Trang Bui, general manager of Cushman & Wakefield.

The Business Climate Index (BCI) published by the European Chamber of Commerce in Vietnam (EuroCham) and produced by YouGov Decision Lab indicates that 45% of European business stakeholders remain optimistic about future prospects for their own businesses ahead in the fourth quarter of the year.

Furthermore, respondents anticipate that investment planning, orders, and revenues will remain relatively stable in comparison with the previous quarter.

“The future of Vietnam is bright. Vietnam offers great investment opportunities for European businesses, and we are very excited about the country's prospects in the medium- to short-term. Through the EU-Vietnam Free Trade Agreement and our shared commitment to sustainable development, Vietnamese and European companies have a great deal of growth potential,” said Alain Cany, chairman of EuroCham.

The Ministry of Planning and Investment recently unveiled Vietnam attracted more than US$18.7 billion in foreign direct investment as of September 20, with Singapore, Japan, Denmark, China, and the Republic of Korea becoming the leading investors.

Most notably, foreign investment disbursement hit a record high of US$10.06 billion during the first half of the year, securing the highest growth rate over the past five years.

Bui revealed that Vietnam is primarily focused on developing infrastructure such as highways and seaports in a bid to enhance competitiveness and attract further FDI inflows into the country.

Rapid improvements made in the infrastructure system have therefore contributed to the country’s strong economic growth and significant developments in terms of the logistics industry, she noted.

Bui went on to outline that thanks to the tremendous efforts over recent years, the country is considered to be an attractive investment destination and a dynamic economy with a large degree of openness and a high economic growth rate.

With regard to policies which aim to attract foreign capital, Dr. Phan Huu Thang, chairman of the International Investment Research Institute, underlined the necessity of fine-tuning the legal system and re-evaluating existing projects to devise proper strategies and identify Vietnamese advantages in order to ensure efficiency for investments moving forward.

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