Vietnam Foreign Direct Investment Outlook 2023
March 23, 2023
In a conference organized by Nikkei ScoutAsia Japan and Fiin Group Vietnam on March 7th, 2023 speakers discussed trends in foreign investment in Vietnam in recent years, as well as prospects in the near future. Experts discussed various details regarding Vietnam’s economy, government investments and foreign direct investment. According to FiinGroup, local and FDI companies are interdependent on each other to bring quality products into the marketplace. Experts also discussed the competitiveness of Vietnam as an investment target as compared to other countries in Southeast Asia. Competition for investors among ASEAN nation is fierce, and each nation must strive to attract foreign investment. Vietnam remains an attractive investment market due to its strengths including a young and capable workforce with competitive costs, good existing manufacturing networks, and an attractive structure of multi bilateral trade agreements. However, Vietnam has areas that it could improve upon, such as the ease of doing business, elimination of corruption, greater market transparency, and high logistics costs.