Vietnam Becomes Bright Spot on Global Investment Map

After achieveing a total capital of US$16 billion for the first time, Vietnam became one of the 20 leading countries in the world in attracting FDI. A dynamic, innovative Vietnam has been and will continue to be an attractive and safe investment destination for investors around the world.
December 15, 2021 | 08:10
Vietnam Becomes Bright Spot on Global Investment Map
Deputy Foreign Minister To Anh Dung. Photo: VOV

Deputy Foreign Minister To Anh Dung said: "Amid the world entering the third year of the Covid-19, the profound impact of the pandemic is still present in all aspects of the life of all countries. The disruption of supply chains, production and business activities, the delay in the implementation of investment projects have painted gloomy colors on the global economic picture."

Meanwhile, the world continues to witness rapid and unpredictable changes. These are the increasingly fierce and comprehensive competition among major countries, the strong development of the industrial revolution 4.0, the emergence of challenges such as climate change, environmental degradation, and the pandemic.

He said: “Challenges are intertwined with opportunities, advantages come with difficulties. In that context, cooperation, cohesion and innovation are indispensable needs and choices, the basis for us to join hands to overcome challenges, seize opportunities, promote recovery and sustainable development after the pandemic”.

Along with the common development of the country, international relations with Vietnamese localities in the fields of economy, culture, science, education and people-to-people exchanges have expanded, in which, economic cooperation is the most exciting field. Vietnam has joined and signed 17 free trade agreements, connecting more than 60 countries, establishing economic relations with more than 230 economies. Vietnam is on track to become the focal point of a network of economic links, demonstrating the attractiveness of the economy, and an important link in the global value supply chain. The increasing prestige and position of Vietnam in the international arena is also a plus point for the investment environment in Vietnam.

By taking on many responsibilities such as a non-permanent member of the United Nations Security Council, ASEAN Chair, and Chair of the ASEAN Inter-Parliamentary Council, Vietnam has demonstrated a strong and consistent commitment to the goal of maintaining peace, security, stability, and development.

According to Deputy Minister To Anh Dung, these points have helped Vietnam become "a bright spot on the global investment map". Despite facing difficulties due to the Covid-19 pandemic in 2020, Vietnam has achieved a great milestone of FDI. With a total capital of US$16 billion, for the first time, Vietnam became one of the 20 leading countries in the world in attracting FDI.

A dynamic and prestigious Vietnam has been and will continue to be an attractive and safe investment destination for investors around the world. The companionship of international partners plays an essential role in Vietnam's integration and development journey.

The Vietnamese government defines the motto "building economic diplomacy for development, taking people, localities and businesses as the service center." Deputy Minister To Anh Dung affirmed that the Vietnamese Ministry of Foreign Affairs, with a network of more than 90 representative offices abroad, is always ready to be a bridge to bring foreign partners closer to Vietnam and bring Vietnamese businesses to reach out to the region and the world.

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Rosie Nguyen

Insider

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