SANYOU VIETNAM Electronics Co., Ltd., a wholly Chinese-owned company located in Hue city, specialises in manufacturing electronic components for export. (Photo: VNA)

In the first eight months, Vietnam attracted 26.1 billion USD in FDI, up 27.3% year-on-year, while 15.4 billion USD was disbursed, up 8.8%, reflecting the economy’s strong capacity to absorb capital.

FDI inflows into the manufacturing and processing industry continue to lead among all sectors attracting foreign investment, showing that this remains a particularly appealing field for international investors, stated Huong.

During the period, total registered FDI in this industry reached 13.64 billion USD in both newly registered capital and additional capital from existing licensed projects, accounting for 62.9% of the total.

However, the official noted although FDI attraction in the first months of the year has been quite positive, achieving the target of around 38–40 billion USD in 2025 remains a challenge for Vietnam.

To maintain competitiveness and advance in the regional race for FDI attraction, economists stressed that improving and enhancing the quality of the investment environment remains a fundamental and practical solution which must be pursued consistently and effectively to sustain and promote FDI activities.

Localities were advised to boldly implement special investment procedures, such as “green lanes,” shifting strongly from pre-check to post-check mechanisms to shorten investment processing times and create maximum favourable conditions to enhance investment attractiveness, particularly in high-tech sectors.

Vietnam’s ongoing administrative restructuring was also said to be a key factor in strengthening foreign investors’ confidence, fostering expectations of more comprehensive administrative reforms and a more open and transparent investment environment in the near future.