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Dear readers,

Trade and investment have been hit hard by Covid-19 both globally and in Vietnam. Thanks to the gov-
ernment’s effective handling of the pandemic, the country was one of only a few to post positive growth
in 2020, of 2.91 per cent. Foreign-invested enterprises (FIEs) and others made important contributions
to the result.
The pandemic certainly made its presence felt. Registered FDI in Vietnam totalled $28.53 billion last
year (as of December 20), a year-on-year decline of 25 per cent, with 2,523 new projects licensed with
capital of $14.6 billion, down 35 per cent and 12.5 per cent, respectively, compared to the same period
of 2019. The slowing of FDI inflows is understandable given the circumstances.

We still firmly believe that all economic activities in Vietnam, including investment flows, both
domestic and foreign, will speed up once the pandemic is fully brought under control.

Under the ten-year socio-economic development strategy (2021-2030) and five-year socio-economic
development plan (2021-2025) adopted by the 13th National Party Congress earlier this year, Vietnam’s
demand for investment capital will be substantial. The country will absolutely remain a destination of
potential in both the short and long terms for investors all around the world.

Our Cover Story in this April edition highlights the FDI landscape in Vietnam. Analysis from different
perspectives on the investment environment, the opportunities and challenges for foreign investors,
and their benefits from and contributions to the country’s socio-economic development bring the
current situation into sharper focus.

VET will also host its 20th Golden Dragon Awards in April, an annual event honoring FIEs that have
successfully conducted businesses in Vietnam and made active contributions to its socio-economic
development, including in regards to corporate social responsibility. Dozens of enterprises will receive
awards this year.

Our warmest congratulations to all the winners!

DR. CHU VAN LAM
Editor-in-Chief