Despite a decrease in foreign direct investment (FDI) inflows into Vietnam in recent months due to the impact of the COVID-19 pandemic, economists assessed Vietnam remains attractive to foreign investors and needs to take advantage of FDI attraction opportunities to boost economic growth.

Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper.

Representatives of foreign invested enterprises and business associations in the central city of Da Nang have made a number of proposals to the city on measures to recover production, one of which is to speed up COVID-19 vaccination for workers, in the hope of quickly resuming full production.

Foreign investment into Vietnamese startups is predicted to increase although the COVID-19 pandemic has left negative impacts on the economy, according to experts.

VOV.VN - A seminar was virtually held in both Hanoi and Tokyo on September 22 with the aim of supporting local firms to connect with Japanese counterparts amid the COVID-19 pandemic developing in a complicated manner.

Positive signs of investment inflows have been seen during meetings between National Assembly Chairman Vuong Dinh Hue and executives from many big European firms on the occasion of Hue's working visit to the European Parliament and a number of European countries from September 5-11.

Foreign investment into Vietnamese startups is predicted to increase although the COVID-19 pandemic has left a negative impact on the economy, according to experts.

Following directions of the Government, the Ministry of Industry and Trade has coordinated with relevant ministries, sectors and agencies to implement measures to improve the competitiveness of businesses operating in supporting industry, thus promoting the growth of the sector.

Businesses are bearing severe impacts from COVID-19 developments and social distancing campaigns.

Vietnam reeled in more than US$19 billion from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.