(Photo: tapchitaichinh.vn)

Experts say Vietnam offers many opportunities to foreign investors thanks to its political stability, rapid economic recovery post-COVID, ensured macro-economic balances, and controlled inflation. In addition, the effective implementation of many free trade agreements has created favorable conditions for investment and foreign trade.

Economist Le Duy Binh says ministries, sectors and localities should promote focused investment and prioritize businesses with modern, environmentally friendly technology.

“Foreign investors, especially big companies, pay particular attention to the business environment. We need to further improve our business climate and infrastructure. We have promoted public investment and engaged the private sector in upgrading infrastructure but a greater effort is needed to reduce logistic costs and other expenses for businesses,” said Binh.

Last year, more than 23 billion USD worth of FDI was implemented in Vietnam, 3.5% higher than the previous year and the highest figure in 5 years.