Accordingly, the first four months of the year witnessed a 28.8% increase in the number of new projects granted Investment Registration Certificates and a 73.2% increase in total newly registered investment capital. This is a good sign, and it is expected that this new capital will impact Vietnam's economic growth in the near future.
Total disbursed capital for projects also increased by 7.4%, reaching 6.28 billion USD. The continuous growth of disbursed capital showed that foreign investors' commitments to Vietnam are genuine.
Foreign investors have poured capital into 17 national economic sectors, focusing on processing and manufacturing industries, real estate business, wholesale and retail, warehouse transportation, and so on.
Notably, Vietnam has been attracting more and more large technology corporations to directly explore investment opportunities in the semiconductor industry such as Intel and Amkor projects in packaging and testing, Marvell and Qualcomm in design, and Synopsys and Cadence in providing chip design tools.
Recently, Nvidia Group leaders have made an initial commitment to cooperate with Vietnam on artificial intelligence (AI) and semiconductors, improving cooperation capabilities in building supercomputing centres and training artificial intelligence. AI and semiconductor industry, developing an ecosystem for AI research, development, and startups.
In the development strategy, foreign economic relations continue to be identified as the main pillar for Vietnam's economic growth in the next period, with the growing role of the FDI sector.
On the part of investors, Vietnam is still considered a country with great potential to attract further international investment capital flow amidst the trend of shifting global supply chains, especially in some high-tech fields such as semiconductor chip production.
To increase the attractiveness of Vietnam's investment environment when there are no longer corporate income tax incentives due to the application of the global minimum tax mechanism as of January 1, 2024, the National Assembly has agreed to assign the Government to develop a draft decree on the establishment, management, and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations, and support domestic enterprises.
Currently, the Ministry of Planning and Investment is finalising a draft decree in the direction of proposing incentives for businesses with investment projects in the field of high-tech product manufacturing; high-tech enterprises; enterprises with Research and Development Centre (R&D) investment projects that come with one of the conditions on investment capital scale; revenue or disbursement speed; etc. This decree is expected to be issued at the end of this second quarter.
