Regarding attracting foreign investment , the most correct way is to reform the business environment, creating an open and healthy space for big bosses from all over to invest. FDI capital in the first 6 months of the year reached 15.19 billion USD. This is the highest FDI capital in the first 6 months of the year in the 5-year period (2020 - 2024). Entering July, Binh Duong alone, in the 7 months, attracted 1.07 billion USD in FDI capital.
Without creating trust through a good policy system and investment environment, there would not be such impressive numbers.
Another factor that contributes to strong growth is the Government's strong push for public investment. Localities are trying to find ways to implement public investment projects, which can be said to be a race to complete disbursement. By the end of August, public investment disbursement in 2024 was VND 274,501 billion, reaching 40.49% of the plan, this is the effort of localities. And with this momentum, the rest of the year and the coming years will certainly change more positively.
While attracting foreign investment increased impressively, exports reached surprising numbers. In the first 7 months of 2024, the total export turnover of goods was estimated at 226.98 billion USD, up 15.7% over the same period last year. Economic experts analyzed that agricultural products are Vietnam's strength, if product quality is improved, it will stand firm in many world markets.
A bright spot is that Vietnam's tourism industry has attracted more international visitors than last year, which is the result after a year of implementing the visa relaxation policy. From August 15, 2023, international visitors with electronic visas will be increased from 30 days to 90 days with unlimited entries and exits. Citizens of 13 visa-exempt countries will have their temporary stay increased from 15 days to 45 days. From this result, if we continue to research and come up with many suitable policies, with the advantage of a beautiful, peaceful and tranquil country, Vietnam tourism will have a spectacular breakthrough.
However, to achieve high and sustainable growth, it is necessary to focus on developing new and high-tech industries. Investors in this field are targeting Vietnam, but the current limitation is that high-quality human resources cannot be provided for the projects.
