Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

VOV.VN - The mergers and acquisitions (M&A) market has shrunk in Vietnam since the beginning of the year, although the outlook ahead in 2024 is poised to improve amid an expected global recovery, a forum heard on November 28.

Over US$15.29 billion was channelled into 2,608 new foreign direct investment (FDI) projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.

Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

Experts have suggested adjusting foreign investment policies, making them match the evolution of the global economy, amidst the shrinking FDI inflows in the first half of this year.

Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly US$450 billion, including 1,100 projects in real estate with a total capital of US$66.4 billion, heard an international workshop in Hanoi on July 13.

Vietnam’s 2023 growth is below-trend amid global external headwinds, but its position as a manufacturing FDI darling remains intact, DBS, Singapore’s leading consumer bank, said in a report released on July 3.

VOV.VN - Vietnam has yet to lose its advantage as an attractive destination for foreign investment flows, although in the short term investors are carefully considering their decisions, according to Nguyen Xuan Thanh, a lecturer of the Fulbright School of Public Policy and Management.

The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, Michael Kokalari, chief economist at investment fund VinaCapital, said.