 Workers at a FDI company (Photo: Tuan Anh/VNA) |
According to the article by Nguyen Trang and Boris Sullivan, Vietnam’s FDI story is one of relentless momentum. In 2023, it attracted 36.6 billion USD in registered FDI, a 32% leap from the previous year. This marks a record high in recent years.
The authors attributed the rise to several reasons including economic vigor. Vietnam’s economy is projected to grow at 5-6% annually, fueled by strong consumption, exports, and investment. Its political stability provides a predictable environment, a rarity in emerging markets.
Demographic dividend is another advantage of Vietnam. With a labor force of 53 million and an average age of 34, Vietnam offers a young, skilled, and cost-competitive workforce, making Vietnam a preferred destination for labor-intensive industries such as electronics and textiles.
The article concludes that Vietnam stands out thanks to its economic dynamism, cost advantages, and strategic policies. Its ability to attract high-tech investment and integrate into global supply chains has positioned Vietnam as a leading FDI destination in Southeast Asia.
