Vietnam’s Enduring Invitation to International Investors
On July 24, Lê Thị Thu Hằng, Vietnam’s Deputy Minister of Foreign Affairs, delivered a powerful message, reaffirming the nation’s commitment to welcoming capable international businesses seeking to establish stable and long-term investments. Her remarks were made during a meeting with Thomas Mitchell Little, the Chairman and CEO of the UK-based company, Jadestone Energy. The Deputy Minister took the opportunity to highlight Vietnam’s strong relationship with the United Kingdom, commending the strategic partnership that has consistently deepened over time. This partnership is clearly demonstrated by impressive trade figures, with bilateral trade reaching a significant US$8.5 billion in 2024, an 18% increase from the previous year. This positive momentum has continued into the first half of 2025, with trade volume hitting $4.3 billion, representing a nearly 10% year-on-year growth. As a result, the UK currently has a robust presence in Vietnam with 587 active investment projects, valued at nearly $4.5 billion, placing it as the 15th largest investor among 150 countries and territories. This solid foundation of trade and investment underscores Vietnam’s reliable and attractive environment for foreign capital.
Jadestone Energy’s Commitment and Strategic Outlook
During the meeting, Mr. Little expressed his sincere appreciation for the Vietnamese Government’s consistent support for Jadestone Energy’s operations within the country. He emphasized Vietnam’s crucial role as a key market within the broader Asia-Pacific region, citing its immense potential in the natural gas sector. Mr. Little also shared positive updates on Jadestone’s ongoing projects at the Nam Du and U Minh fields, conveying his strong optimism for future collaborations with local Vietnamese partners. The Deputy Minister responded with a warm welcome to Jadestone’s business plans, reiterating Vietnam’s unwavering support for foreign investors in developing its energy infrastructure. She provided a firm assurance that Vietnam remains dedicated to continuously fostering a favorable environment that promotes stable and effective foreign investment, highlighting the government’s proactive approach to creating a secure and predictable landscape for international businesses to thrive and contribute to the nation’s economic growth.
Fostering a Stable Environment for Foreign Investment
Vietnam’s proactive stance on foreign investment is a core part of its economic strategy, and the government’s commitment to providing a stable and supportive environment is a key factor in its success. The ongoing dialogue with international partners, as exemplified by the meeting with Jadestone Energy, is a testament to this approach. By not only inviting but also actively supporting businesses like Jadestone, Vietnam is sending a clear signal to the global investment community that it is a reliable and welcoming partner. The government’s focus on key sectors, such as energy infrastructure, reflects a strategic effort to attract investment that aligns with its long-term development goals. This commitment to stability and a favorable business climate is what has allowed Vietnam to attract a large number of investors from around the world, positioning it as a leading destination for foreign direct investment in the region. The country’s ability to maintain strong relationships and provide sustained support ensures that international businesses can operate with confidence, contributing to mutual prosperity.
