|(Illustration photo: VNA)
Marko Walde Chief Representative of the German Chamber of Commerce and Industry in Vietnam said, “Most of the companies are based in China and they are looking for an opportunity to make a second investment.”
Realized foreign investment capital in Vietnam in the past 8 months reached 12.8 billion USD, up more than 10% over last year. This is a record even compared to the years before the COVID-19 epidemic.
According to Maybank Investment Banking Group, the growth of FDI inflows into Vietnam is greater than in most other Southeast Asian countries. Brian Lee Shun Rong an economist at Maybank said Vietnam has rapidly industrialized and become a rising star in the global supply chain. Vietnam has a favorable business environment, political stability, and consistency in its economic development policies and efforts to promote trade liberalization, he said.