[VCCI] VIET NAM BUSINESS UPDATE | August 2023

Viet Nam remains an attractive destination for foreign investors.

After experiencing constant losses over the previous six months, Viet Nam’s foreign direct investment (FDI) attraction has begun to show indications of recovery, becoming a key factor in the medium- and long-term country’s economic growth. Indeed, in the third quarter of 2023, Viet Nam signed a free trade agreement with Israel and the free trade agreement with the UK came into effect. Up to now, Viet Nam is member of 16 FTAs, including AFTA, ACFTA, AKFTA, AJCEP, VJEPA, AIFTA, AANZFTA, VCFTA, VKFTA, VN – EAEU FTA, CPTPP, AHKFTA, EVFTA, UKVFTA, RCEP, and VIFTA.

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