Talking to the Vietnam News Agency’s correspondent in Beijing, Yan said Vietnam is emerging as a strategic investment destination for both Chinese and international enterprises.
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Yan Jiehe, Chairman of the Zhuangyan Research Institute in China |
He said Vietnam offers favorable conditions for foreign investors. It has political stability under single-party leadership, providing a sense of safety and reliability for investors. The country also maintains fast economic growth and an optimal business environment, with leaders at both central and local levels accompanying and supporting businesses. These are crucial factors that instill confidence in investors considering Vietnam as the ‘second home’ in their development strategies.
Yan praised the Vietnamese Government’s efforts in recent years to implement strong reforms aimed at improving the investment and business environment, streamlining administrative procedures, enhancing governance capacity, and ensuring greater transparency in economic management.
He commended the recent decisions of Vietnam’s leadership, which have helped reduce development costs, accelerate project implementation, and improve efficiency.
With the current pace of reform and growth, Yan predicted that Vietnam could lead Asia in GDP growth over the next two decades and become one of the most dynamic and important economies in the region.
Success only comes to those who are well-prepared, and Vietnam is ready, he affirmed, adding that investors not only bring capital but also contribute knowledge and experience to help Vietnam achieve development and long-term attainments.
Looking ahead, the expert forecasts that Chinese investment in Vietnam will become increasingly diverse. Rather than focusing solely on export-oriented processing and manufacturing, Chinese enterprises are expected to shift toward localizing production, integrating value chains, and pursuing long-term operations.
The ultimate goal is to make Vietnam a hub for production and development in the region and, later, Southeast Asia and the rest of the world, he said.
Chinese economic experts share a similar view, highlighting Vietnam’s growing role as a crucial link in global supply chains, especially as international enterprises seek to diversify their production bases. With its policy of deep integration, Vietnam is establishing itself as a strategic, safe, and promising investment destination in the Asia-Pacific region.
As of September 30, total registered foreign direct investment (FDI) in Vietnam reached 28.54 billion USD, up 15.2% year-on-year. Notably, the disbursed FDI is estimated at 18.8 billion USD, an 8.5% increase from the same period last year and the highest level for the first nine months in the past five years, according to the National Statistics Office under the Ministry of Finance.
Source: VNA