Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam is still regarded by investors as an attractive destination thanks to its stable politics and macro economy, favourable geographical location, and advantages in land and human resources, according to Deputy Minister of Planning and Investment Tran Quoc Phuong. The country has maintained growth in 2020 despite the marked impact of the COVID-19 pandemic on economic activities, Phuong said, noting that Vietnam has, therefore, become a major candidate during the transition of the value chain in Asia. During online investment promotion events with partners in Asia and Europe held recently by the Ministry of Planning and Investment (MPI), major investors again expressed their interest in investment in Vietnam, he added. In fact, major groups such as Apple, Foxcom, and Luxshare have increased their orders and investments in the country, with capital amounting to billions of US dollars. Do Nhat Hoang, head of the MPI’s Foreign Investment Agency, expects that Vietnam will welcome many investors later this year and next year, especially after Prime Minister Nguyen Xuan Phuc gave approval to the resumption of certain international flights. Upgraded infrastructure in industrial, processing, and economic zones has also played a role in investment attraction, as… Read full this story
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