Friday, January 28, 2022 6:48:13 AM - Markets open
VN-INDEX 1,470.76 -10.82/-0.73%
HNX-INDEX 411.27 -0.55/-0.13%
UPCOM-INDEX 108.73 -0.32/-0.29%
Foreign investors remain optimistic about Vietnam’s economy: official
VietNamPlus - 10/5/2021 1:47:41 PM
 (0 ratings. You must sign in to rate.)
 Despite serious impacts of the COVID-19 pandemic, foreign investments in Vietnam in the first nine months of 2021 rose, showing investors' trust and optimism about the country’s socio-economic recovery and development in the coming time, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has said.
This also affirms that Vietnam continues to be a safe, attractive and potential destination for foreign investors, Ngoc told the Vietnam News Agency (VNA).
As of September, the nation had 34,141 valid investment projects, with a combined capital of 403.19 billion USD.
However, the pandemic is negatively affecting production and business activities of enterprises, including foreign-invested ones, and making it difficult for foreign investors to explore investment and business opportunities in Vietnam.
Acknowledging this fact, over the past time, the Government, the Prime Minister, ministries, sectors and localities have made efforts and taken drastic measures for the highest goal of effective pandemic prevention and control, and effective support for production and business of enterprises.

Illustrative image (Source: VNA)
The business community, including FDI enterprises, has joined hands with the Government and local authorities in supporting people in the fight against COVID-19, thus demonstrating the spirit of overcoming difficulties, adapting to the new situation, maintaining production, and creating jobs for labourers. This shows the confidence of foreign investors in Vietnam’s business environment and the effectiveness of solutions taken by the Government and the Prime Minister.
The FDI business community has appreciated the Government's response to the pandemic, expressed optimism about Vietnam's economic recovery, and committed to continuing to invest and do long-term business in Vietnam.
Ngoc also pointed out several difficulties facing enterprises, including labour shortage, entry restrictions and long-term quarantine, selective investment attraction policy, decreases in global foreign investment inflows, and increasing competitiveness in attracting foreign investment among countries.
To make FDI enterprises feel secure, the Government has made recommendations to the Party or submitted to the National Assembly and the National Assembly Standing Committee to promulgate many important policies. The Government has also issued a number of decrees and thematic resolutions on land rent exemption and reduction and on support for enterprises, cooperatives and business households, as well as workers and employers.
According to Ngoc, besides negative impacts, the pandemic is also an opportunity for Vietnam to continue perfecting its institutions, improving governance capacity, and the business and investment environment./.
Read original article here
Newer News
26/01 Vietnam-US trade hits record high in 2021
23/01 Vietnam-US trade hits record high in 2021
20/01 Wood, furniture exports to US expected to hit 10 billion USD
18/01 More capital flows come to economic, industrial parks in 2021
14/01 EU remains highly potential importer of Vietnamese rice
14/01 VN's GDP to bounce back in 2022 at 5.5%: WB
14/01 Rubber exports recover strong growth in 2021
13/01 Southern key economic region receives large inflow of foreign investment in 2021
13/01 Vietnam’s economic growth forecast to rebound strongly in 2022
11/01 Petrol prices rise for first time this year
Older News
04/10 Vietnam strives for GDP growth of 6.5-7 percent annually during 2021-2025
01/10 Vietnam still sees optimistic economic outlook in 2022: scholar
30/09 Public investment pushes real estate market
29/09 WB: Vietnam’s economy could converge toward pre-pandemic rate from 2022 onward
29/09 Vietnam’s GDP up 1.42 percent in nine months
29/09 Vietnam’s CPI up 1.82 percent in January-September
28/09 PM asks for efforts to complete 95 percent of public investment disbursement plan in 2021
28/09 Foreign investors keep trust in Vietnam’s recovery
28/09 Experts: real estate, consumption finance, construction bright spots in investment
27/09 Registered foreign investment up, disbursement down in Jan-Sep
Newsletter Signup
Top Stories
Vietnamese banks expect to sell more shares to foreign investors in 2022
Vietnam-EU trade increases 14.8 percent in 2021
Authorities inject trillions of VNĐ to support economy
Domestic investors help to create records in securities market
Indices retreat, money flows in speculative stocks
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,470.76 -10.82/-0.73%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.