Many foreign investors are paying more attention to Vietnam as a production base as part of their long-term global business network thanks to the country’s political stability, large population and innumerable investment opportunities. In seven months of 2015, Vietnam attracted 7.4 billion USD in foreign direct investment (FDI), up 8.8% over the same period of last year, into 16 sectors, including processing, manufacturing, and real estate. The Republic of Korea remained the top investor, followed by the UK.
The open investment policy and legal system in Vietnam are huge positives for the countries in drawing foreign investors, including those from Japan, the Republic of Korea (RoK) and Thailand.
Vietnam also expects to welcome a new wave of investment in consumer products, goods distribution and retail trade. For example, Procter & Gamble (P&G) Vietnam has spent 100 million USD to build a Gillette razor plant in southern Binh Duong province. In seven months of the year, HCM City was the most attractive destination reaching 2.4 billion USD in FDI, followed by the neighboring provinces of Binh Duong with 1.11 billion USD and Dong Nai with 1.1 billion USD.
According to the Vietnam General statistics office (GSO), in seven months of 2015, FDI enterprises (excluding crude oil) contributed 71.7 trillion dongs to the total estimated government revenues (equaling 50.3% of the annual estimate).
