VOV.VN - The S&P Global Ratings has maintained the country’s sovereign credit rating and moved to improve the nation’s economic outlook to 'positive' from 'stable'.

The trust of investors in the local business climate and support from authorities for enterprises count among the factors that have helped southern Dong Nai province almost reach its foreign direct investment (FDI) target for the year.

In the 46 years since national reunification, Vietnam’s development has witnessed great strides with major contributions from foreign investment, which has been targeted to continue being an important driver of the domestic economy.

VOV.VN - As of April 20 Vietnam has attracted US$12.25 billion worth of foreign direct investment (FDI), an equivalent to 99.3% compared to the same period last year, according to the Foreign Investment Agency (FIA).

VOV.VN - As much as US$12.25 billion worth of foreign direct investment (FDI) was injected into the country during the past four months of the year, equal to 99.3% compared to the same period from last year, according to the figures released by the Foreign Investment Agency.

Finnish Ambassador to Vietnam Kari Kahiluoto said investors from Finland want to invest in highways, thermal-power, energy, and waste treatment projects in the southern province of Dong Nai at a working session with the local authorities on April 22.

The Ministry of Industry and Trade (MoIT) has proposed a 35% cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

Vietnam is at a crossroads in its development and requires investment in its transportation network to sustain and expand its growth, said US-based Borgen Magazine in a recent article.

Vietnam will lure more foreign investment in the high-tech industry by offering more incentives and amending requirements for high-tech businesses.

Vietnam’s wood industry secured 63 new foreign direct investment (FDI) projects worth US$372.68 million in 2020, down 36% and 49% on-year, respectively.