Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows. In the first quarter of 2024, Vietnam registered 6.17 billion USD of FDI capital poured in 17 out of 21 economic sectors, an increase of 13.4% over the same period. To attract high-tech projects, economists recommended that the Government improve competitiveness by building an appropriate investment incentive policy framework, especially when Vietnam started applying the global minimum tax regime on January 1, 2024.

Source: Vietnam News Agency

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