Attracting Foreign Direct Investment in Vietnam Towards Sustainability

Abstract

A gloomy economic picture, a decline in trade transactions, the potential destruction of global value chains, industries struggling due to the Covid-19 pandemic, lockdowns, and curfews in various parts of the world—this is what much of the media described about 2020. The Covid-19 pandemic, which began at the end of 2019 with unpredictable developments to this day, has been a shock to every aspect of the global economy. However, more importantly, the pandemic has contributed to accelerating the shift of international capital flows and reshaping global supply chains and value chains. With the vision of a developing country, Vietnam needs to seize the opportunity, strengthen its supporting industries, and create a healthy investment environment to maximize the opportunities brought by international capital flows, contributing to the rapid recovery of the economy in the post-Covid-19 period.