Finance Minister Ngô Văn Tuấn told the National Assembly, while explaining the draft amendment to the Law on Investment, that competition among countries to attract investment is fierce. He cited the Philippines, Malaysia and India, which are offering incentives in sectors overlapping with Vietnam, such as electronics, computers, phones, semiconductors and digital transformation. Vietnam needs to attract an average of about 30-40 billion USD in disbursed FDI capital per year to reach growth of 10% or more, and total social investment must rise about 2.21 times compared with 2021-2025. The draft focuses incentives on high technology, innovation, digital transformation and technology transfer, ties support to measurable outputs, and sets clear conditions for ending incentives if investors fail to meet their commitments.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Cuộc đua thu hút FDI 'tăng nhiệt', Philippines, Malaysia, Ấn Độ đều nhập cuộc cạnh tranh: Bộ trưởng Bộ Tài chính nói gì về mục tiêu thu hút 30-40 tỷ USD/năm vốn giải ngân của Việt Nam?
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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