According to the Ministry of Planning and Investment, since 1987, the business-investment environment in Vietnam has begun to attract investors due to low investment and business costs compared to some countries in the region; Availability of labor force with cheap labor cost, new market. Therefore, foreign investment grows rapidly, has spillover effects on other economic sectors and contributes positively to the realization of Vietnam’s socio-economic goals.

By 2022, Vietnam has attracted about 19 billion USD, ranking 3rd out of 10 in ASEAN and 28th in the world.

Thus, Vietnam jumped from 136th to 28th place, jumping 108 places in the ranking of attracting foreign investment in the world for the period 1986 - 2022 . Along with that, foreign investment capital into Vietnam has increased more than 6,000 times in the period 1986 - 2022.

In 2022, the 30 countries attracting the most FDI in the world include: the United States, China, Singapore, France, Ireland, Germany, Canada, Sweden, Brazil, India, Spain, South Africa, Russia, and Brazil. Lan, Mexico, Japan, Hungary, Australia, Belgium, Finland, Austria, Israel, Indonesia, UAE, Saudi Arabia, Italy, Malaysia, Vietnam, Korea, Chile, Denmark.

Accordingly, Vietnam has surpassed Korea, Chile, Denmark ... in the ranking of attracting foreign investment in the world in 2022.

In terms of ASEAN countries alone, in 1986, Vietnam ranked 9th out of 10 ASEAN countries in terms of attracting foreign investment. Meanwhile, Singapore is the country attracting the most FDI inflows, reaching about 1.71 billion USD.

In 1992, FDI inflows into Vietnam surpassed many countries in the region and ranked 5th out of 10 countries in ASEAN. At this time, Vietnam has attracted about 174 million USD. Then, in 1994, Vietnam jumped one more place in the rankings, ranking 4/10 in ASEAN. Specifically, FDI flows into Vietnam ($1.94 billion) in 1994.

By 2001, FDI inflows into Vietnam for the first time ranked 3/6 in the ranking with FDI capital reaching 1.3 billion USD, behind Singapore (17.01 billion USD) and Thailand (5.07 billion USD) USD). Therefore, after 13 years, Vietnam from 9th place out of 10 has risen to 3rd place in the ranking of countries attracting the most FDI inflows in ASEAN.

In the period 2001-2022, the ranking of countries in the ranking of FDI attraction has changed continuously. In particular, Singapore has been the leading country in attracting FDI inflows for many years.

Along with that, Vietnam has 2 times ranked 2nd in the ranking of countries attracting the largest FDI inflows in ASEAN with FDI capital reaching 9.58 billion USD in 2008 and 7.6 billion USD in 2009. .

From 2015-2022, Vietnam continuously maintained the 3/10 position in the ranking of countries attracting the most FDI inflows in ASEAN.

According to the World Bank (WB), the FDI data of countries in the world reported by the World Bank is often different from other reports because of differences in sources, ways of classifying economies, and methods used to adjust and disaggregate reported information. Therefore, the data on FDI inflows to countries of the World Bank will be different from the data published by the General Statistics Office of the countries.

According to the Ministry of Planning and Investment, the first foreign direct investment (FDI) project license was officially issued by the Ministry of Foreign Economic Affairs to a joint venture between Hochimex Company of Hong Kong (China) and Tourism Company Ba Ria - Vung Tau.

Up to now, more than 143 countries and territories have invested in Vietnam. Notably, the investment of some major partners such as Singapore, Japan and South Korea all increase every year. The wave of FDI tends to focus on industries with high gray matter content such as software industry, electronics and information technology, pharmaceuticals, and precision mechanics.