Vietnam has drawn almost $500 billion in registered FDI (foreign direct investment) capital after nearly 40 years of opening up the economy, as improvement to investment quality is deemed essential for a new breakthrough phase.

The General Statistics Office has reported a significant surge in FDI in Vietnam, with a total of nearly $ 6.17 billion in Q1 this year, marking a 13.4% year-on-year increase.

Additionally, $4.63 billion worth of FDI was disbursed in the first quarter, an annual 7.1% increase and the highest for the quarter over the last five years, Vietnam Plus reports.

As it stands, the FDI sector generates more than 2 million jobs and accounts for more than 70% of the country's total export turnover, approximately 50% of its industrial output, and over 20% of its GDP. As much as 80% of foreign enterprises with headquarters or branches in Vietnam have adopted ESG (environmental, social, and governance) strategies.

Furthermore, international investors are increasingly focused on high-tech, environmentally friendly sectors, aligning with Vietnam's sustainable development objectives. 

From Q4 2023 to date, Vietnam has welcomed several delegations of businesses and investors interested in exploring opportunities in high-tech industries, clean energy, and the circular economy. 

In addition, the Minister of Information and Communications, Nguyen Manh Hung said Vietnam is creating an ecosystem to bolster the formation and development of the semiconductor industry, encouraging foreign investors to get involved.

At the same time, the National Innovation Centre (NIC) is closely collaborating with numerous domestic and international technology firms, such as Viettel, FPT, Intel, and Qualcomm, to facilitate research cooperation, provide training for human resources, recruit talent, and foster ecosystem development specifically aimed at semiconductor manufacturing.

Vietnam is actively leveraging its potential and strategic geographical position within the global supply chain to attract and utilize foreign capital inflows for sustainable development and growth. The country's Ministry of Planning and Investment has expressed optimism about the opportunities this presents.