Improvement of competitiveness to attract FDI to Vietnam in the context of industrial revolution 4.0

This article aims to analyze changes in Vietnam's advantages and challenges in order to improve the competitiveness in attracting FDI in the context of IR 4.0. Besides comparing Vietnam's comparative advantages with other regional countries, the author also puts Vietnam in the competition for attracting FDI with developed countries in the backshoring trend forecasted that will be thrive in the context of IR 4.0.