Vietnam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations, such as Malaysia, Singapore and Indonesia, according to Vietnam News Agencies.

Vietnam ranked eighth among world’s top best countries to invest in 2019. (Photo: doanhnhansaigon.vn)


A recent report by the US News and World Report ranked Vietnam eighth out of 29 economies, up from 23 last year. Meanwhile, some neighbouring nations – Malaysia, Singapore and Indonesia – stood in thirteenth, fourteenth and eighteenth positions, respectively.

This year’s ranking saw a significant difference compared to last year’s. Particularly, half of countries in this year’s top 20 were not seen in 2018’s list, including Vietnam.

In this year’s top five, Uruguay came in first place, followed by Saudi Arabia, Luxembourg, India and Poland.

New Party resolution issued to direct flow of foreign investment

Party General Secretary Nguyen Phu Trong has signed for issuing Resolution 50-NQ/TW on directions for improving institutions and policies to enhance the quality and effectiveness of foreign investment cooperation to 2030.

Vietnam targets attracting USD150-200 billion of foreign investment in the 2021-2025 period. (Photo: baodautu.vn)

According to the Resolution, one of the specific targets is to attract USD150-200 billion of foreign investment in the 2021-2025 period, or USD30-40 billion each year, and USD200-300 billion in the 2026-2030 period, or USD40-50 billion each year.

The disbursement of foreign investment capital should reach USD100-150 billion during 2021-2025, and USD150-200 billion during 2026-2030.

Aiming to achieve this target, the resolution said institutions and policies on foreign investment attraction must encourage foreign investors to join fields and sectors outside those subject to State protection.

Resolution 50 also emphasized that the country should continue protecting investors through such institutions as investment protection treaties with other countries, and building of mechanisms for arbitration and complaint settlements for investors.

Three more libraries for Vietnamese students launched

The three new libraries have been constructed in three secondary schools in the northern province of Nam Dinh, benefiting about 1,000 students. It also presented about 6,000 books for these libraries.

At the launching ceremony in a school in Nam Dinh (Source: baomoi.com)

The launch of the libraries lifted the total number in the Southeast Asian country to 14, said the Ministry of Culture of the Republic of Korea (RoK) on September 19

This move is part of official development assistance (ODA) project funded by the RoK side.

Earlier, the RoK financed the construction of four libraries in Hanoi, four in Vinh Phuc, and three in Phu Tho.

The second Vietnam Reform and Development Forum (VRDF) opens in Hanoi

The forum, themed “Vietnam: Aspiration for prosperity - priorities and actions”, attracts the wider participation of policy makers, development partners, domestic and foreign experts, and private businesses.

MPI Minister Nguyen Chi Dung speaking at the event

In his speech at the event, Minister of Planning and Investment Nguyen Chi Dung said: “It is necessary to focus on innovations, creations and thinking renewal to overcome the middle-income trap amidst the 4th Industrial Revolution and prioritised actions for a prosperous Vietnam.”

“Our aspirations and desires in developing an increasingly prosperous and modern country, with bold and fully-determined directions, are very clear. However, we always want to study, learn from experience lessons from the world, and listen to the advice and recommendations of experts and scholars associated with specific conditions of Vietnam,” the Minister stressed.

At the event, participants exchange views on the country’s reform and development issues to seek short-term and long-term solutions as well as specific actions to obtain rapid and sustainable development.

The most important target of VRDF 2019 is to collect ideas and suggestions for the building of some documents of the 13th National Party Congress, including the national development strategy for the 2021-2030 period, orientations and tasks of the five-year socio-economic development plan 2021-2025./.

BTA