Vietnam Fdi

An export-oriented manufacturing and inbound foreign direct investment drive Vietnam's economic growth.

Companies have seen their business situation on the uptrend recently, amid Vietnam's positive economic performance, and expect to continue to bet on staying for the long term.

Foreign businesses continue to show their confidence in Vietnam’s investment environment.

Vietnam continues to show its attractiveness to foreign investors, especially with its portfolio of high-quality projects.

Singapore continued to be Vietnam’s largest investor during the seven months with $4.3 billion, or 27.7% of the total newly registered FDI projects.

Over the years, investment activities from South Korea to Vietnam have expanded beyond manufacturing to other economic sectors, both in direct and indirect investment which showcases the country’s strong appeal to South Korean investors.

The forum is part of a series of events to mark the 30th anniversary of Vietnam-South Korea diplomatic relations.

Economic cooperation has been a highlight of Vietnam-South Korea relations, with trade turnover rising by 150-fold to approach the US$100-billion target set for 2023.

Vietnam’s skilled workforce, optimistic economic outlook, and competitive wage prices are among the factors drawing foreign investors’ attention to the country.

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward.