The Asian Development Bank (ADB) and the World Bank (WB) in the December 2022 macroeconomic update and forecast for 2023 assessed that Vietnam’s  competitive advantages outweigh those of its rivals, such as cheap labor, favorable geographical location (near China's southern manufacturing center), political stability and incentives from Free Trade Agreements (FTAs). In 2023, given the global economic difficulties, Vietnam is still an attractive investment destination for FDI inflows.

Vietnam is considered a strategic choice for supply chain diversification. Economists say infrastructure investment and the Government ‘s supporting mechanisms and policies will propel the ecosystem of innovation in both the short and long term and is the foundation for Vietnam to continue to attract investment.

Associate Professor, Dr. Tran Dinh Thien, Former Director of the Vietnam Institute of Economics, said: “To attract investment, the first thing to do is connection infrastructure, urban infrastructure, and industrial infrastructure. Industrial infrastructure is industrial zones. And the better the domestic market reform is, the higher the possibility to attract foreign investment we have. Logically, the more open to integration Vietnam is, the better we will attract high-quality investment. More foreign investors with high-quality investments will force even stronger reforms.”