Attracting foreign investment - A "push" for economic revival

DNHN - Vietnam is emerging as a significant investment destination thanks to its impressive potential and development prospects. Political stability, economic growth, and a favorable investment environment have drawn attention from international investors.

One of the biggest benefits of attracting foreign investment is the ability to transfer modern technology and management practices. Foreign companies often bring advanced technologies and professional management, helping to enhance the production capacity and product quality of domestic enterprises.

Currently, Vietnam is emerging as a significant global investment destination thanks to its impressive potential and development prospects. Political stability, strong economic growth, and a favorable investment environment have drawn attention from international investors. Believing in the recovery and expansion potential of the Vietnamese economy, many investors see this as a golden opportunity to tap into market opportunities and promote sustainable development.

Accordingly, attracting foreign investment often comes with creating many job opportunities for local workers. This not only helps reduce the unemployment rate but also increases income and improves the quality of life for workers.

Foreign investment boosts the development of export industries, helping to increase export sales and improve the trade balance. This translates to economic growth and enhances Vietnam's international standing in the global market.

Moreover, the presence of foreign enterprises promotes innovation in technology and management among domestic businesses. Learning and applying advanced methods from international companies helps enhance the efficiency and competitiveness of Vietnamese enterprises.

Improving the business environment and creating favorable conditions for foreign investors is a crucial factor in attracting investment capital. This includes simplifying administrative procedures, increasing transparency and legal stability, improving infrastructure and logistics services, and ensuring security and safety for businesses.

Notably, developing a support industry system for foreign enterprises is an important factor in attracting investment. This includes building industrial zones, export processing zones, research and development centers, and modern industrial clusters to support the production activities of enterprises.

From there, promoting international cooperation and opening up the market is an effective way to attract foreign investment. Participating in free trade agreements and building strategic partnerships with other countries helps create new opportunities for foreign investors.

In addition, human resources are also a key factor determining the success of attracting foreign investment. Training and developing high-quality human resources to meet the needs of foreign enterprises is one of the important factors to attract investment.

Especially, many foreign investors are currently pouring capital strongly into Vietnam, as evidenced by impressive figures this year. In the first seven months of the year, registered foreign investment capital in Vietnam exceeded USD 18 billion, an increase of 10.9% compared to the previous year. Notably, newly registered capital reached USD 10.76 billion, an increase of 35.6%, showing strong interest from investors. Although investment capital through share purchases decreased, disbursed capital remained positive at over USD 12.55 billion, an increase of 8.4%. This increase reflects the confidence in Vietnam's growth potential and the strong recovery ability of the economy.

Attracting foreign investment plays a crucial role in promoting Vietnam's economic development. By creating numerous benefits such as technology enhancement, job creation, export promotion, and innovation, foreign investment brings both opportunities and challenges to the Vietnamese economy. To effectively attract foreign investment, there needs to be a clear strategy and support measures from the Government, as well as active cooperation from all stakeholders. Only through close cooperation and continuous efforts can Vietnam affirm its position on the world economic map and advance further on the path of sustainable development.

Nguyen An