Ms. Tran Thi Hai Yen: Vietnam - "rising star" in attracting FDI in the ASEAN region

Ms. Tran Thi Hai Yen, Director of Southern Investment Promotion Center - Foreign Investment Agency, Ministry of Finance

2 advantages in attracting FDI of Vietnam

Having just returned from a specialized workshop on FDI attraction and supply chain development in Malaysia, Ms. Tran Thi Hai Yen, Director of the Southern Investment Promotion Center under the Foreign Investment Agency, Ministry of Finance, shared an interesting piece of information: “With ASEAN countries, Vietnam is seen as a “rising star” in attracting FDI in the region, in the current new context.”

This information immediately attracted the attention of the business community in the first discussion session of the Vietnam Industrial Real Estate Forum 2025 with the theme "Maintaining position in global movement".

Explaining this statement, Ms. Yen said: "At the conference, experts all recognized that competition in attracting FDI among ASEAN countries is very fierce."

Vietnam is seen as more prominent than other ASEAN countries in two key factors. The first is the stable political environment. The second is the government's FDI attraction policy that is in line with the trend, such as forming a plan for the development of economic zones and commercial zones combined with building preferential policies to attract high technology. "This is an important highlight in Vietnam's FDI attraction that is recognized by the international community," Ms. Yen announced.

Another information that Ms. Yen also mentioned is that at the above conference, ASEAN countries all shared solutions to attract high-quality FDI along with improving the global supply chain, which many experts proposed at this series of seminars, is to form special industrial parks (IPs) to increasingly attract higher-quality FDI. IPs built in a green and sustainable direction will have many advantages in attracting FDI in the fields of high technology, digital economy , etc.

Investment promotion work will be restructured in a streamlined and efficient direction.

Currently, the Vietnamese Government is strongly promoting restructuring towards streamlining and efficiency. This trend is also being implemented by the Foreign Investment Agency in the direction that investment promotion activities from the central to local levels must connect with the community and business associations in the direction of focusing on attracting FDI in the high-tech sector to the fields and industries that Vietnam is prioritizing.

Specifically, while Vietnam has previously attracted low-cost FDI, it is now focusing on shifting to a new phase focusing on high-tech fields such as chips, semiconductors, digital economy, financial centers in Vietnam...

“We are completing the construction of a complete investment promotion system from the central to local levels in a streamlined, efficient and most proactive way to support FDI enterprises in resolving their difficulties in the process of operation from seeking opportunities, implementing projects to operating effectively,” Ms. Yen announced.

In this context, attracting high-quality FDI capital is a challenge but also a great opportunity. Government leaders in general and the Ministry of Finance in particular are re-studying a more systematic and effective investment promotion system.

Accordingly, investment promotion activities at all levels, in coordination with associations to attract investors in special fields will be improved in quality, scope and scale. One of the consistent preferential policies is to specifically call for investment in semiconductors, digital economy, green circulation, etc., which Vietnam is leading the trend to create competitiveness for high-quality FDI sources.

The foreign business community believes that if Vietnam wants to redirect FDI flows to focus on semiconductors and the digital economy, it requires thorough preparation of infrastructure (both software and hardware). At the same time, it is necessary to focus resources on building economic zones, industrial parks, and industrial clusters that meet high criteria such as green industrial parks, ecological industrial parks, etc.

Source: https://baodautu.vn/ba-tran-thi-hai-yen-viet-nam---ngoi-sao-dang-len-trong-thu-hut-fdi-khu-vuc-asean-d425368.html