In recent years, the mobilization and use of investment capital, especially foreign investment capital, have significantly affected the speed and quality of economic growth in Vietnam and within each locality. Attracting and effectively using investment capital is always a complex problem for locations that are still weak in infrastructure, financial sophistication, investment attraction policies, efficient use of capital sources, and other inadequacies when implementing investment projects. The attraction of investment capital should increase labor productivity, create jobs, raise workers’ income, and transfer foreign technology advancements (Syarif and Umu, 2020). Long-term economic growth and improvement of its citizens’ living standards should be among the top goals of any government. Sustainable economic growth in the long term depends not only on scientific and technological progress but also on the interaction between countries as the world economy has become increasingly interdependent. This interaction is shown in the exchange of goods traded between nations and the capital flowing from one country to another; in other words, capital investment abroad. According to Snieskaa and Tykiene (2019), sustainable economic growth is one of the core issues of economic development theory. Sustainable economic growth and development are the top targets of all countries globally, the primary measure of progress for each stage. The overall goal of Vietnam’s 2020 – 2025 socio-economic development plan is sustainable economic growth, achieving an essential change in efficiency and sustainability. Development, soon bringing Vietnam out of underdevelopment. Significantly improve the cultural and spiritual life of the people. To step up industrialization, modernization, and development of the knowledge economy, creating a foundation for our country to become a modern-oriented industrial country by 2030. Vietnam continues to maintain political stability and social security. Besides, Vietnam continues healthy guard independence, sovereignty, territorial integrity, and national security, enhancing its regional position.