Production at the Powersports Manufacturing Inc. in Trang Bang IP, Dong Nai (Photo: VNA)According to the Foreign Investment Agency under theMinistry of Planning and Investment, in the first two months of this year, Vietnamdrew more than 4.29 billion USD, up 38.6% year on year.
In the period, 405 new FDI projects were licenced, a rise of55.2% over the same period last year, with a combined capital of nearly 3.6billion USD, doubling the figure recorded in the same period last year.
A representative from the agency said that a surge in thenumber of projects with some large-scale ones is one of the major reasons behindthe rise in FDI.
Minister of Planning and Investment Nguyen Chi Dung saidthat maintaining a stable investment environment and choosing potential investorsis key to effectively attract foreign investment.
Nakajima Takeo, Chief Representative of Japan External TradeOrganization (JETRO) in Vietnam, said that Vietnam is still one of theattractive and promising markets for Japanese firms.
He cited a JETRO survey showing that in the next 1-2 years,the rate of Japanese firms intending to expand business in Vietnam is 56.7%.
However, Minister Dung held that this year, Vietnam may facemany challenges in FDI attraction, including those from the complicated andunpredicted world situation.
The application of the global minimum tax regulation ispredicted to eliminate the role of traditional forms of incentives such asthose in tax and land rent.
Prof. Dr. Nguyen Mai, Chairman of the Association of ForeignInvested Enterprises (VAFIE), held that Vietnam should design policies to drawFDI in prioritised areas such as high technology, innovation and energy.
Minister Dung said that in order to increase FDI attraction,Vietnam should continue adjusting policies to suit the global investment trend,speeding up administrative reform, and strengthening human resourcestraining./.
VNA
