(VOVWORLD) - Vietnam is an attractive investment destination following the COVID-19 pandemic. The international community has hailed Vietnam’s effective pandemic prevention and control and ability to avoid the global economic recession. The Vietnamese government and localities have stepped up efforts to improve Vietnam’s investment and trade environment to lure foreign businesses.
 FDI implementation in Q1 of 2018 to 2022 (Photo: GSO) |
Data from the Foreign Investment Agency of the Ministry of Planning and Investment shows that on June 20th, the newly registered and adjusted capital of foreign investors was more than 14 billion USD. 752 new projects were granted investment registration certificates, with a total registered capital of nearly 5 billion USD. 487 projects registered adjustment to investment capital of more than 6.8 billion USD.
The EuroCham organized an online investment conference to connect EU businesses with Da Nang city and Quang Nam and Thua Thien-Hue province. Since the beginning of the year, Da Nang has hosted business connectivity programs with Spain, the Netherlands, and Germany. European partners say Da Nang is an attractive destination for green industry. Two important things European businesses look for are transparency and effective support for businesses.
Ho Ky Minh, Vice Chairman of the Da Nang city People’s Committee, said Da Nang will hold an Investment Forum 2022 to promote its advantages and opportunities to domestic and foreign investors.
“Now that COVID-19 is no longer a barrier to investment and trade in Vietnam, Da Nang hopes to attract many investment projects by EU businesses. The city authorities pledge to create optimal conditions for EU investors to do business in Vietnam,” said Mr. Minh.
Vice Chairman of Ho Chi Minh City People’s Committee Vo Van Hoan said the City has revised development plans to attract more investors, and has reformed administrative procedures and organized special teams to support the investment projects of foreign investors.
“Ho Chi Minh City has mobilized resources to develop infrastructure for transportation, industry, services, agriculture, education, and health. There is a huge demand for investment in these sectors.”
Can Tho city has stepped up efforts to improve its investment environment, support businesses, and attract foreign investment. Tran Viet Truong, Chairman of the People's Committee of Can Tho City, said that with the motto "the success of businesses is the success of the government", Can Tho city will continue to strengthen its investment environment.