All projects financed by ODA or preferential loans from foreign donors are expected to have sufficient counterpart funds, especially those that are set to be completed in 2021.

The average growth rate of newly established enterprises is expected to reach 15% per annum in 2021 – 2030.

Vietnam will actively and selectively attract foreign investments, taking high-quality, efficiency, modern technology and environmental protection as the key benchmarks.

IPs and EZs in Vietnam have attracted a total of 10,009 foreign-invested projects with total registered capital of nearly US$197.8 billion to date, 70% of which has been disbursed.

Vietnam is home to 32,539 valid foreign direct investment (FDI) projects with registered capital of a combined US$381 billion, of which US$233 billion has been fully disbursed.

As the disbursed amount between January and August was equivalent to 50.7% of the target, the government is under pressure to spend the remaining 50% in the remaining four months.

In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.

Vietnam only has 10 years to turn things around, as the country’s population starts aging by 2030, Minister of Planning and Investment Nguyen Chi Dung has said.

The country’s economic expansion in the third quarter is expected to be in a range of 1.04 – 1.69%.