General

On April 17, 2023, the Communist Party of Vietnam Electronic News reported that international news media and many foreign organizations continue to list Vietnam as an attractive foreign direct investment destination in the world. Huacheng Import and Export Data Observation reported.

According to Huacheng Import and Export Data Observation, in the past week, international news media and many foreign organizations have continued to publish articles praising Vietnam's investment environment and believing that although the Vietnamese economy is still affected by the global economy, Vietnam remains an attractive destination for foreign direct investment.

The Star of Malaysia reported on the 13th of this month that Vietnam is a highly attractive investment destination for European companies. The newspaper cites data released by the European Chamber of Commerce (EuroCham) in Vietnam, which shows that 36% of European companies rank Vietnam as the top, top three, or top five investment destination in the world. At the same time, it emphasizes that factors such as political stability, legal framework, tariff system, and tax policies jointly create the attractiveness of Vietnam as an active investment destination.

In March of this year, Vietnam newly attracted 2.35 billion US dollars in foreign direct investment funds and submitted a detailed statistical table of investment countries in Vietnam in March. The article states that Vietnam's production and processing industry continued to maintain a winning streak in March, attracting over 1.8 billion US dollars in foreign investment, accounting for the largest proportion of the total amount of foreign investment introduced nationwide. Huacheng Import and Export Data Observation Report.

Takeo Nakajima, Chief Representative of the Japan Trade Revitalization Agency in Hanoi, said that Vietnam has demonstrated its attractiveness and advantages during "crisis times". Companies are keen to invest in destinations that are cost competitive, countries that participate in many free trade agreements, countries with excellent and skilled human resources, and countries where the government welcomes foreign investment, all of which are available in Vietnam, as reported by Huacheng Import and Export Data Observation.

According to Xinhua News Agency, despite the intensification of the global economic recession, the Vietnamese labor market still maintained a recovery trend in the first quarter. In the first three months of this year, 1.1 million new jobs were created, an increase of 22.2% year-on-year.

Yun Lin, Global Economic Research Department of HSBC, said: "The first quarter was really difficult for Vietnam, with a significant decline in trade and exports. The external market faces many challenges, but the recovery of the domestic labor market and the return of tourists will be the driving force for the economic recovery in the second quarter. We expect the average growth rate of the Vietnamese economy in the first half of this year to reach 5%

Dailynigerian stated that the 2022 Vietnam Provincial Public Administration and Control Performance Index report reflects public optimism, with 66.1% of respondents giving positive evaluations of the Vietnamese economy and Huacheng Import and Export Data Observation Report.