Hanoi: Throughout its 35-year history of attracting foreign direct investment (FDI), Vietnam has consistently refined its institutional framework and incentive programmes to draw in and effectively manage both domestic and foreign investment resources.

The recent intensification of economic diplomacy efforts has opened up broader avenues for Vietnam to secure high-quality capital inflows into emerging industries, Vietnam News Agency reported.

In 2023, Vietnam witnessed a remarkable surge in FDI, attracting a total of US$36.6 billion, a staggering 32 percent increase compared to 2022. This impressive figure breaks down as follows: newly registered capital exceeding US$20 billion (a 62.2 percent jump), supplemented capital amounting to nearly US$7.9 billion (down 22.1 percent), and foreign investor contributions exceeding US$8.5 billion (up 65.7 percent).

Source: Emirates News Agency