Vietnam gears up for fourth wave of FDI inflows
As Vietnam enters its 37th year of attracting foreign direct investment (FDI), the country is on the cusp of a significant new phase.
From a regulatory agency’s perspective, Director of the MPI’s Foreign Investment Agency Do Nhat Hoang noted a burgeoning new wave of investment into Vietnam driven by soaring investment demand from key partners such as the Republic of Korea (RoK), Japan, China, and the US.
Le Anh Dung, CEO of the Institute for International Investment Studies (ISC), agreed that Vietnam is on the brink of a fourth investment wave. Each wave has coincided with a particular historical period, and this latest one is characterised by the keen interest of global tech giants. Unlike previous waves when localities competed primarily by offering tax incentives and lowering land use fees, this time’s focus is on creating an optimal environment.
