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Dear readers,

                   Investors from 139 countries and territories are now doing business in Vietnam, and the United
                   Nations Conference on Trade and Development (UNCTAD) has listed the country among the top 20
                   in attracting FDI.

                   As of the end of March, the total number of FDI projects in operation stood at 34,815, with registered
                   capital of $422.84 billion.

                   In  the  three  years  from  1988  to  1990,  after  the  first  Law  on  Foreign  Investment  was  passed  in
                   December 1987, Vietnam attracted 213 FDI projects with registered capital of $1.8 billion.
                   FDI projects and registered capital have therefore increased more than 163-fold and nearly 235-fold,
                   respectively, since that initial period.
                   There can be no doubt that FDI has made significant contributions to Vietnam’s socio-economic
                   development, especially in regard to economic growth and export performance. According to 2020
                   data from the Ministry of Planning and Investment, the FDI sector contributed about 20 per cent of
                   GDP and 23.7 per cent of total social investment capital. In the following year, according to the
                   General Department of Vietnam Customs, it posted export turnover of $245.22 billion (including
                   crude oil), up 20.9 per cent year-on-year and accounting for about 72.9 per cent of the country’s total.

                   Foreign investors are greatly appreciated for their contributions to the country’s economic growth
                   and their social responsibility. They have also enjoyed a favorable investment environment created
                   by the government.
                   Without  such  contributions,  Vietnam  would  not  have  reached  its  impressive  socio-economic
                   development goals.
                   With that in mind, our Cover Story in this April edition looks at the FDI sector’s business activities,
                   its growth, its contributions to socio-economic development, and, its efforts in sustainable development.

                   In cooperation with the Ministry of Foreign Affairs, Vietnam Economic Times will hold the “Vietnam
                   Connect Forum 2022”, with the theme “Resource Convergence for Promoting Green Growth and
                   Sustainable Development”, and the ceremony for the Golden Dragon Awards 2022 this month in Ho
                   Chi  Minh  City,  honoring  enterprises  for  their  contributions  to  green  growth  and  sustainable
                   development in Vietnam.

                   Congratulations to all of the winners!










                                                                                DR. CHU VAN LAM
                                                                                  Editor-in-Chief
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