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Vietnam becomes global production centre thanks to boom of foreign investment

Vietnam becomes global production centre thanks to boom of foreign investment - Created date18/05/2023

Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.

Statistics from the Ministry of Planning and Investment (MPI) show that from January 2018 to April 20, 2023, the registered FDI in Vietnam totaled 180 billion USD, equaling 40.3% of the accumulated investment capital over the last 35 years. Vietnam is becoming a new production center.

According to Minister of Planning and Investment Nguyen Chi Dung, more and more multinationals and big investors have continuously invested in Vietnam.

Dozens of research and development (R&D) centres, innovation hubs, and technology incubators have been established, making it easier for domestic firms, especially small- and medium-sized enterprises, to connect with foreign businesses, they noted.

About TMA

TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. As an offshore software development center, we are one of the largest software outsourcing companies in Vietnam, we provide high-quality IT outsourcing and innovative software solutions with the software development life cycle (SDLC) process and agile approach. We can guarantee exceptional solutions, and craft tailored solutions for your needs. Our engineering team was selected from a large pool of Vietnam IT resources; they are well-trained and have successfully completed many large and complex projects.

Source: VietnamPlus