Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

The shift in global production chains, especially in core technology, chip technology, and future technology industries, is opening up many opportunities for Vietnam to attract high-tech FDI capital.

In the first quarter of 2024, Vietnam registered 6.17 billion USD of FDI capital poured in 17 out of 21 economic sectors, an increase of 13.4% over the same period.

The fourth FDI wave to Vietnam is expected to bring US investment capital flows as many US business delegations are surveying the semiconductor chip ecosystem in Vietnam.

Many European business delegations are also surveying opportunities in Vietnam with special attention to the country’s green growth strategy and its commitment to net-zero emission reduction by 2050.

To attract high-tech projects, economists recommended Vietnam devise policies to support domestic enterprises so that they can participate deeper in the supply and production chains of FDI enterprises, especially in the high technology segment./.

By: VNA