Vietnam Sees Surging Foreign Investment Momentum Despite Global Economic Headwinds
Hanoi, The Gulf Observer: Despite persistent global economic uncertainty and challenges facing international capital flows, Vietnam continues to attract robust foreign investment, buoyed by strategic partnerships, proactive policy responses, and a growing reputation as a stable, high-potential market.
Analysts point to a wave of recent agreements and investment pledges as a strong signal of investor confidence. Notably, during the recent official visit of Thai Prime Minister Paetongtarn Shinawatra to Vietnam, several high-profile cooperation agreements were signed between Thai and Vietnamese partners.
Among them, a Memorandum of Understanding (MoU) between Hưng Yên Province and Thailand’s WHA Group aims to develop the Phù Cừ Industrial Zone, while Phú Thọ Province signed an MoU with Amata Vietnam Group for strategic investment collaboration. Additionally, Thanh Hóa Province approved investment policy for the Giang Quang Thịnh Industrial Zone, also backed by Amata.
These agreements highlight the growing footprint of Thailand’s leading industrial real estate firms in Vietnam. Both WHA and Amata, with existing investments in Quảng Ninh, Đồng Nai, and Nghệ An, are expanding operations to capture long-term opportunities in Vietnam’s dynamic industrial sector.
Amata Vietnam CEO Somhatai Panichewa confirmed plans to pursue projects in smart urban development, logistics, and trade in Phú Thọ Province, positioning the firm at the forefront of Vietnam’s industrial transformation.
Beyond Thai engagement, Vietnam is drawing strong interest from other global players. In a recent meeting with General Secretary Tô Lâm, Zarubezhneft CEO Kudryashov Sergei Ivanovich reaffirmed cooperation with Vietnamese partners to advance renewable energy projects, including offshore wind and green hydrogen.
Likewise, China Huadian Engineering Co Chairman Peng Gangping, in talks with Prime Minister Phạm Minh Chính, announced plans to scale investments in biomass, wind, and energy storage across multiple provinces. The company has already invested US$2.8 billion in Vietnam, delivering a total installed capacity of 1.5 GW.
