Opportunities and Challenges in Attracting Foreign Direct Investment Capital in Vietnam

Abstract

Foreign direct investment (FDI) plays a significant role in the Vietnamese economy in the context of deep and wide integration and great fluctuations in the world economy. With the appropriate policy orientation of the Party and State since the reform in 1986, FDI capital flows into Vietnam have experienced a fluctuation but have achieved great successes, making significant contributions to the development of the economy. The image of Vietnam's healthy and attractive investment environment is increasingly strengthened, but there are also challenges to overcome. This research, based on secondary data, shows an overall picture of FDI attraction, opportunities, and challenges in attracting FDI and proposes several recommendations to relevant stakeholders to attract FDI capital into Vietnam in the context of an increasingly volatile environment.