AsemconnectVietnam - Attracting foreign investment (FDI) in the first 2 months of 2024 was at a high level, so it is expected to be a good signal affecting economic growth in 2024 as well as 2025.

According to the data from the Ministry of Planning and Investment (MPI), Vietnam’s total registered FDI capital in the first 2 months of 2024 reached nearly 4.3 billion USD, an increase of 38.6% over the same period last year, of which newly registered capital reaching 3.6 billion USD, an increase of 55.2% over the same period in 2022.
Investment in the processing and manufacturing industry reached 2.54 billion USD, accounting for 59.1% of total registered investment capital; realized capital reached 2.8 billion USD, an increase of 9.8%. The Ministry of Planning and Investment said that these numbers demonstrate the confidence of FDI enterprises in the prospects of growth recovery, stability and attractiveness of Vietnam's investment environment.
Further emphasizing these results, at the regular Government press conference on the afternoon of March 2, Deputy Minister of Planning and Investment Tran Quoc Phuong said that FDI capital in the first 2 months of 2024 had a very high ratio of new capital and new projects. The reason was the continued success of attracting FDI in the last months of 2023.
Deputy Minister Tran Quoc Phuong explained that in the last 6 months of the year, Vietnam has recovered strongly and achieved growth in attracting FDI, thanks to political stability, security and macroeconomics in Vietnam, the high-level diplomatic trip. At the same time, foreign investors see and evaluate the potential and prospects of Vietnam's economy in the coming years, considering Vietnam to be a very attractive destination.
Regarding breakthrough solutions to attract large-scale FDI projects and large investors, at the press conference, the Deputy Minister of Planning and Investment said that the Government has assigned tasks to ministries and branches regarding responsibilities to attract FDI in the fields of science and technology, innovation, especially semiconductor chips as well as new industries.
According to the Deputy Minister, FDI investors are interested in infrastructure and land, especially large projects in Vietnam. Therefore, the solution for this field is to focus on continuing to improve and accelerate the progress of large-scale infrastructure projects and especially immediately deploy guiding documents for early implementation in the coming days when the Land Law takes effect.
Another issue of concern to FDI investors is human resources. Currently, the Ministry of Planning and Investment and the Ministry of Education and Training are urgently completing a project to strive to train about 100,000 workers, laborers as well as engineers in the field of innovation and semiconductor chips for the semiconductor chip sector.
But according to Deputy Minister Nguyen Quoc Phuong, large investors have very high demands on human resources. Although Vietnam has the advantage of abundant human resources and a golden population, it needs to focus more on the qualifications and skills of workers.
Another area that FDI investors are interested in is the institutional sector. According to the representative of the Ministry of Planning and Investment, in recent times, the Government has submitted and approved by the National Assembly many new and groundbreaking policies that have a positive impact on growth and investment attraction, such as the Land Law and the Law on Investment. There are also regulations on immigration, visas, etc. But in the coming time, there is still a need for encouraging policies as well as creating maximum conditions for large-scale investors to carry out big project in Vietnam.
CK
Source: VITIC/haiquanonline.com.vn