Vietnam is an attractive destination for investment amid a lackluster global economy, Nirukt Sapru, CEO of Standard Chartered Bank Vietnam said in a recent report.

Economists have warned that the foreign-invested economic sector may become dominant in the national economy.

VOV.VN - Over the past decade, Vietnam’s resilient economy has grown in importance to international trade and foreign direct investment (FDI) relative to western developed post-industrial economies, says Belgian Ambassador to Vietnam Jehanne Roccas.

Buoyed by landmark free trade agreements and higher economic growth, this year Vietnam is likely to trump 2015’s record high of US$23 billion in foreign direct investment.

Phu Quoc island has been thriving, turning itself into a tourism and investment hub in southern Vietnam thanks to many large-scale projects that have helped build its reputation among investors.

VOV.VN - Vietnam’s clothing and textiles industry has recorded average annual growth of 15% over the past five years and experts anticipate this trend to continue in the near term with gross export revenue reaching a record high US$30 billion by 2020.

Singapore’s Charles Wembley Vietnam was granted an investment licence to build a medical equipment plant in Saigon hi-tech park (SHTP) on January 29. 

Thailand's Siam Cement Group (SCG), which has invested US$700 million in Vietnam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors, according to Thailand’s “The Nation” newspaper.

VOV.VN - Malaysian companies are the seventh leading source of foreign direct investment (FDI) in Vietnam, having cumulatively registered funding of US$13.5 billion in 523 ventures through 2015, reports the Foreign Investment Agency (FIA).

VOV.VN - Schneider Electric Vietnam on January 26 began the first phase of construction on a new manufacturing plant in Saigon Hi-tech Park in Ho Chi Minh city with an investment capital of US$45 million.