Vietnam as an FDI hotspot: Great Britain relies on Ba Ria – Vung Tau!

Vietnam as an FDI hotspot: Great Britain relies on Ba Ria – Vung Tau!

On May 30, 2025, the Ba Ria – Vung Tau Investment Conference 2025 was held, bringing together Vietnamese and British business representatives to discuss promoting investment and strengthening bilateral trade relations. The event featured an interview with Alexandra Smith, the British Consul General in Ho Chi Minh City, who highlighted the importance of Vietnam as an attractive investment environment in the region. 

The Consul General stressed that the UK is focused on foreign investment to boost innovation, create jobs and strengthen global economic ties. The Indo-Pacific, as one of the fastest-growing regions, positions Vietnam as a reliable partner. Of particular interest are the strategic partnerships sought by the UK, supported by free trade agreements between the two countries and Vietnam's membership of the CPTPP.

Growth forecasts and trading figures

According to the latest forecasts, Vietnam will attract over $38.2 billion in foreign direct investment (FDI) in 2024. At the same time, bilateral trade between the UK and Vietnam is expected to rise to £8.1 billion by the end of the fourth quarter of 2024. British exports to Vietnam in particular are on the rise and are estimated at £1.3 billion in 2024. This includes £871 million of goods and £446 million of services.

Strategic investments in Ba Ria – Vung Tau

In Ba Ria – Vung Tau, British investors are showing particular interest in areas such as clean energy, ports, freight services, education and healthcare. To promote these investments, the Consul General recommends strengthening investor confidence through transparency and rapid administrative procedures. In addition, the focus should be on green growth and improved freight transport infrastructure. 

Alexandra Smith also highlighted the importance of investing in education and vocational training to ensure a highly skilled workforce. Recommendations were made for Vietnam that emphasize the need for a clear regulatory framework and specific regulations. The promotion of ESG standards is seen as central to future developments.

In summary, the conference shows how important Vietnam has become as a destination for foreign investment. With a proactive approach to regulation and a focus on sustainable developments, the country could further consolidate its role as a leading investment destination in the region. Further information can be found on the website of Vietnam.vn and Rödl career.