Stable investment environment and increasingly open integration policy
Sharing about the opportunity to attract Chinese enterprises to invest in Vietnam at the "Vietnam - China (Shandong) Trade Promotion, Investment and Trade Connection Conference" organized by the Trade Promotion Agency, Ministry of Industry and Trade in coordination with the Shandong Provincial Trade Promotion Committee (China), Mr. Pham Tan Cong - Chairman of the Vietnam Federation of Commerce and Industry (VCCI) said that the Vietnamese business community currently has nearly 1 million enterprises and more than 5 million business households operating and developing strongly in many fields such as manufacturing and processing, agricultural products, textiles, electronics, logistics, information technology... Vietnam is aiming for the goal of 3 million enterprises by 2030 and becoming a developed, high-income country by 2045.
Vietnam's GDP in 2024 is about 476 billion USD, expected to grow over 8% in 2025 and strive for double-digit growth in the coming years. Vietnam's market has exceeded 100 million people and is the gateway to the ASEAN market of more than 600 million people.
Mr. Pham Tan Cong - Chairman of Vietnam Federation of Commerce and Industry (VCCI)
Vietnam is an open economy , with 17 signed free trade agreements, increasingly integrating deeply into the global value chain, creating favorable conditions for businesses to seek and expand international cooperation, in which China is always one of the top important markets.
On the other hand, China currently has over 50 million enterprises, of which Shandong province is one of the leading localities in terms of quantity and scale, with about 14.5 million enterprises (after Guangdong and Zhejiang provinces). Shandong has strengths in manufacturing, energy, high technology, agriculture and services, not only playing an important role in the Chinese economy but also being an attractive destination for international investment cooperation, including Vietnam.
“The two sides have many complementary advantages: Vietnamese enterprises want to cooperate to access technology, capital, management experience and a large market from China; while Chinese enterprises, especially those from Shandong province, consider Vietnam an attractive destination with a favorable geographical location, a young workforce, a stable investment environment and an increasingly open integration policy. This is a favorable foundation for enterprises of the two countries to expand cooperation, develop sustainably and effectively,” said Mr. Cong.
Many preferential mechanisms and policies
Sharing more about the investment environment and policies in Vietnam, Mr. Le Hoang Tai - Deputy Director of the Trade Promotion Agency said that Vietnam has an area of over 331,230km2, a coastline of over 3,200km with many deep sea areas, and a rich and diverse climate. With a population of over 100 million people, Vietnam is emerging as an emerging market, strongly participating in the globalization process and the global production value chain.
In recent times, Vietnam has maintained a stable economic growth momentum, with an economic scale of over 476 billion USD, equivalent to other developed countries in the ASEAN region such as Thailand, Singapore, Malaysia; low unemployment rate, inflation rate controlled at an average of 2-3%/year. The target for 2025 is 8% GDP growth, creating a solid foundation to attract FDI capital and integrate foreign trade with a large economic openness.
Vietnam is in the golden population period with over 51 million highly qualified workers who adapt quickly to modern technology. The government aims to train 50,000 engineers and bachelors in semiconductor technology by 2030. At the same time, it will deploy data centers and programs connecting domestic and foreign experts. This is an important foundation for Vietnam to meet the high-quality human resource needs of international investors.
Emphasizing the potential, Mr. Tai pointed out that Vietnam currently has three basic advantages to attract foreign investment. Firstly, labor costs are lower than those of ASEAN countries, but skills are equivalent to high levels in the region.
Second, Vietnam has a special strategic position. Vietnam is a market next to the Chinese market with advantages in distance, large consumption market as well as China is a large production base, supplying many important goods, raw materials, and input equipment to help Vietnam have a logistic advantage in implementing production in the global production and supply value chain relationship.
Third, 17 free trade agreements (CPTPP, EVFTA, RCEP...) help Vietnam access more than 60 large markets such as Japan, EU, Canada. E-commerce, cashless payments and digital technology are developing strongly, opening up opportunities for FDI capital sources.
Many potentials for economic, trade and investment cooperation between Vietnam and China
According to Resolution 50 of the Politburo, Vietnam identifies the foreign-invested economic sector as an important component of the national economy. Therefore, the State encourages and creates conditions for this sector to develop long-term, cooperate and compete fairly with other economic sectors. To create a transparent, stable and favorable investment environment, Vietnam has continuously improved its legal system, especially the promulgation of important laws in 2020.
With many incentive mechanisms and policies, Vietnam prioritizes projects with advanced technology, new technology, high technology, clean technology, as well as modern management models. Projects with high added value, the ability to spread and transfer technology, and connect global production and supply chains will be more strongly encouraged, in line with the vision of becoming a high-income country by 2045.
"The above mentioned favorable factors are creating a large space for economic, trade and investment cooperation between Vietnam and China, especially in the context of the two countries' economies being complementary to each other and the development trend of the world economy moving towards a green economy and a circular economy," said Mr. Tai.
Accordingly, Mr. Tai emphasized that the Trade Promotion Agency, Ministry of Industry and Trade of Vietnam, as a state management agency and implementing trade promotion activities, will always be ready to accompany and support Chinese enterprises in business connection activities and investment and business in Vietnam.
To promote trade and investment cooperation between the two countries, on the VCCI side, Mr. Cong said that as a representative of the Vietnamese business community, with more than 200 member business associations and more than 200,000 member enterprises, VCCI always strives to act as a bridge to promote economic, trade and investment relations between Vietnam and China, accompanying businesses in overcoming difficulties and building long-term cooperative relationships.
Since 2019, VCCI and CCPIT of Shandong province have signed a cooperation agreement, creating an important foundation to support businesses of both sides in promoting trade and investment. In 2024, VCCI coordinated with Soc Trang province to organize a trade and investment promotion program in Shandong, and received support and warm welcome from the leaders of the Government and CCPIT of Shandong province.
"In the coming time, VCCI commits to continue accompanying ministries, branches, localities and business communities of the two countries to maximize cooperation potential, contributing to the sustainable development of the Vietnam - China Comprehensive Strategic Cooperative Partnership, bringing practical benefits to both sides" - Mr. Cong said.
| According to the Trade Promotion Agency, FDI capital flows by the end of August 2025 reached about 505 billion USD in total, with the first 8 months of the year attracting more than 26 billion USD in new registrations, up 27% over the same period in 2024. China continues to be one of the four largest investors in Vietnam (along with Singapore, Japan, and South Korea), with a total accumulated capital of about 33 billion USD through more than 5,600 projects, 80% of which focus on manufacturing and processing. Chinese enterprises have diversified investments in many provinces and cities, not just Hanoi and Ho Chi Minh City, playing an important role in the Vietnamese economy. |
Source: https://moit.gov.vn/tin-tuc/xuc-tien-thuong-mai/co-hoi-mo-cho-cac-doanh-nghiep-trung-quoc-dau-tu-vao-viet-nam.html
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