According to recent data released by the Foreign Investment Bureau of the Ministry of Planning and Investment of Vietnam, Vietnam attracted foreign investment with US$10.8 billion in the first quarter of 2019, a significant increase of 86.2% year-on-year, the highest in the same period in three years. In the same period, Vietnam actually utilized foreign capital of 4.12 billion US dollars, an increase of 6.2%.

The data show that in the first quarter of this year, Vietnam's investment from China reached 36.2 billion yuan, followed by Singapore, reaching 9.7 billion yuan; the third was South Korea's investment, which was 8.7 billion yuan; the fourth was Japan, which reached 4.6 billion yuan. Moreover, in the proportion of total foreign investment, Processing and Manufacturing accounted for 77.07%, Real Estate accounted for 7.2%, and other sectors accounted for 15.1%. 

The advantages：

1. Vietnam promotes trade liberalization. The trade agreement drastically reduced the external tariffs on its exports, helped Vietnam to integrate into the global economy, and accelerated the attraction of foreign investment. For example, in January of this year, the "Comprehensive and Progressive Trans-Pacific Partnership Agreement" (CPTPP) came into force in Vietnam. At the end of 2019, the EU and Vietnam are expected to formally sign the EU-Vietnam Free Trade Agreement. The two major agreements are hugely benifit for Vietnam's manufacturing exports. According to the agreement, Vietnam’s export tariffs will be greatly reduced, while the EU cuts tariffs by 99%.

2. Vietnam has a huge demographic dividend. On the one hand, Vietnam has a large population and is young. It is estimated that by 2030, half of the 650 million people in Southeast Asia will be under 30 years of age. On the other hand, low wages are one of the main factors for Vietnam to improve its competitiveness. At present, the monthly salary in the eastern coastal areas of mainland China is about 500 US dollars, while Vietnam is around 200 US dollars.

3. In 2015, Vietnam relaxed the control of foreigners buying houses, which made many foreigners buy houses in Vietnam.