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Vietnam's key attraction for investment capital

 (News Portal – Dong Nai) - Over the decades, with its potential and advantages, the Southeast region has always been an attractive land for many domestic and foreign investors. This place has a lot of potential to develop industry, trade in services, logistics, real estate, technical infrastructure, tourism... so the capital of foreign direct investment (FDI), the number of domestic businesses as well as production value, import and export are ranked first in the country. 

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Dong Nai and Japanese businesses participating in a trade connection event organized by Dong Nai Provincial People's Committee 

The leading region in attracting foreign capital

Up to now, the Southeast region is still the place attracting the largest FDI investment in the country, accounting for 41.1% of total FDI capital, which mainly flows into the industrial sector, helping the region become a major industrial and export center of Vietnam.

Leading among localities is Ho Chi Minh City. According to the Department of Planning and Investment of Ho Chi Minh City, currently the city has about 115 countries and territories investing in nearly 11 thousand valid FDI projects with a total capital of over 78 billion USD. Together with Ho Chi Minh City, Binh Duong province ranked second as the province attracts over 40 billion USD, next is Dong Nai with 43 countries and territories investing in projects inside and outside industrial parks. Ba Ria-Vung Tau, Tay Ninh, Binh Phuoc are also key industrial localities and have attracted FDI capital of the country.

In 2022 alone, despite the gloomy forecasts about the world economic outlook, FDI capital still flowed strongly into the Southeast region, when the two leading positions in the country belong to Ho Chi Minh City (the leading locality attracting 3.94 billion USD) and Binh Duong (ranked 2nd, with 3.14 billion USD). The remaining provinces such as Dong Nai, Ba Ria - Vung Tau, Tay Ninh, and Binh Phuoc, although more modest, still increased compared to the previous year.

A good place for the business community

Not only does it attract foreign investment capital, but the region is also a “magnet" attracting capital and pulling domestic enterprises to come and start investing in production, business, and other projects. Currently, Vietnam has more than 800 thousand enterprises, of which 98% are private enterprises, the Southeast region accounts for more than 41% of the country's enterprises. Major corporations and groups appear more and more and has gradually established Vietnamese brands in the international market. In the future, with a market of more than 20 million people with a high living standard, a large urbanization rate and large-scale infrastructure projects that have been invested in, the Southeast region will continue to be a priority destination for businesses.

“We chose the province to build our factory because it is close to Long Thanh airport, adjacent to the highway, seaport, and in a bustling area of businesses. For the business community, Dong Nai in particular still has its great advantages, being a priority destination for investment", - Mr. Nguyen Quoc Truong, General Director of Anh Duong Irradiation Technology Joint Stock Company (Ho Chi Minh City) shared his thoughts why the company invested in Long Thanh High-tech Industrial Park.

According to businesses, as the current world economy is still facing many difficulties, the Southeast region is also having its own challenges to regional development, requiring a new strategic vision and close cooperation between localities to fully utilize the potential and advantages of the region.​

Author: Bao Nguyen

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