Vietnam’s FDI projected to reach up to 38 billion USD in 2023

(VOVWORLD) - Vietnam will likely attract  between 36 billion and 38 billion USD in foreign direct investment (FDI) this year, according to the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment. Last year’s figure was nearly 22.4 billion USD.

The FIA’s forecast is based Vietnam’s impressive economic growth last year and efforts to improve the business and investment environment and build trust among investors, and fruitful free trade agreements.

A foreign investment cooperation strategy has also been submitted to the Government, according to the FIA.

Under the blueprint, in the 2021-2030 period, Vietnam’ll prioritize projects with new and green technologies, high added value, modern corporate governance, high spillover effects, and the ability to connect to global supply and production chains.

It’s also necessary to develop innovation and financial centers of regional and international levels.