Foreign investors remain keen on expanding their presence in Vietnam to capitalize on local potential and strategies.

Speaking at the Vietnam-Australia Forum in Melbourne on March 5, Prime Minister Pham Minh Chinh emphasized Vietnam’s focus on attracting projects in the green economy, semiconductor technology, and renewable energy sectors.

The Prime Minister proposed that both sides leverage traditional growth drivers such as investment, export, and consumption, while also promoting new drivers like digital transformation, green initiatives, circular economy, knowledge-based economy, and sharing economy through innovation and technology.

Additionally, he highlighted the importance of boosting cooperation in tourism, education, and people-to-people exchanges between the two countries.

Apart from Australia, investors from other nations are showing increasing interest in Vietnam.

According to a report by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), as of February 20, total foreign direct investment (FDI) inflows reached $4.29 billion, marking a 38.6% increase compared to the previous year. The number of newly registered projects also surged by 55.2% to 405 projects during this period.

Sectors such as tourism, digital transformation, and green initiatives have attracted significant attention from foreign investors recently.

Statistics reveal that foreign investment in technology accounted for 1.8% of the country’s total FDI in the first two months of 2024. Meanwhile, tourism is showing signs of recovery, as indicated by the Civil Aviation Authority of Vietnam.

With green growth and sustainable development emerging as inevitable trends, both domestic and foreign investors are presented with promising opportunities, making Vietnam increasingly attractive.

For example, Ho Chi Minh City has announced its invitation for investments in 28 projects, totaling around VND160 trillion (over $6.7 billion), aimed at promoting green growth objectives.

Gabor Fluit, Chairman of the European Chamber of Commerce in Vietnam (EuroCham Vietnam), remarked, “An emerging trend in Vietnam is the shift towards green financing, particularly in renewable energy infrastructure and eco-friendly agriculture. This movement aligns with global environmental goals, presenting fresh investment opportunities in Vietnam’s green transition.”