Vietnam is transforming strongly to welcome the new wave of FDI
There is a wave of foreign direct investment (FDI) pouring into Vietnam. This shows that preparing to “line the nest” to welcome investors has become even more urgent.
Information about FDI waves to Vietnam was given by Mr. Do Nhat Hoang, Director of the Foreign Investment Department (Ministry of Planning and Investment) at the recent Vietnam – Taiwan Business Forum.
There is a wave of investment in Vietnam
Accordingly, the Director of the Foreign Investment Department first analyzed Korean investment. In Korea’s southern policy, Vietnam is number one. And when making decisions, it must be said that Korea decides very quickly. For example, Samsung has invested 20 billion USD in Vietnam within 5 years. “We continue to look forward to the upcoming major projects of Samsung Group in Vietnam,” Mr. Hoang said. Along with that, many large Korean corporations have come to Vietnam.
With Japanese investment, the Japan External Trade Organization (JETRO) assesses that many Japanese businesses are cherishing many investment projects in Vietnam. However, currently due to the devaluation of the Yen, Japanese businesses are slowing down when deciding to invest.
Meanwhile, China is now emerging as a country that is investing very strongly in Vietnam. According to the Director of the Foreign Investment Department, many Chinese investment projects currently belong to the world’s top 10 corporations, with large scale. “Projects with large or small scales, outdated technology, potential environmental pollution, and labor-intensive projects, we will not accept,” Mr. Hoang affirmed.
Notably, regarding the flow of US investment capital, the Director of the Foreign Investment Department informed that there are many semiconductor chip manufacturing corporations coming to Vietnam. Currently, many delegations are quietly coming to Vietnam to survey Vietnam’s semiconductor chip ecosystem…
“I want to describe the information with the above specific numbers to show that there is a wave of investment in Vietnam,” Mr. Hoang said.
Meanwhile, Mr. CY Huang – Founding Chairman of the Southeast Asia Influence Alliance, assessed: Vietnam is a potential investment destination for Taiwanese investors in the trend of shifting supply chains and production chains. smart output. In recent years, large technology and electronics corporations such as Apple, Samsung and Foxconn have invested and established factories in Vietnam, attracting Taiwanese suppliers to invest in Vietnam.
It is urgent to “build a nest” to welcome the eagle
To welcome the investment wave, the Director of the Foreign Investment Department said that Vietnam has prepared a clean land fund, high-quality human resources, clean energy, logistics infrastructure…
Along with that, Vietnam is stepping up to remove shortcomings in administrative procedures. Mr. Hoang assessed: “In the past, when FDI enterprises investing in Vietnam encountered difficulties or problems at any stage, it was very difficult for Department leaders to meet. Currently, FDI enterprises can completely dialogue directly. Communicate with provincial leaders, the Chairman of the Provincial People’s Committee, and the Secretary of the Provincial Party Committee are willing to meet with businesses to find solutions to overcome difficulties, as long as they invest seriously. With those efforts, FDI enterprises are increasingly highly appreciated Vietnam as an attractive investment destination.”
In fact, preparations to “build a nest” to welcome the “eagle” have been thoroughly prepared recently. One of the first things is the clean land fund in the industrial park. Mr. Koen Soenens, Sales and Marketing Director of DEEP C Industrial Park, said: Industrial real estate is no longer simply about selling land but also about developing a new wave of industrial parks according to a sustainable model. .
“DEEP C has been operating in Vietnam for 27 years. Over the years, we have developed from a traditional industrial park into an ecological industrial park,” said Mr. Koen Soenens. The eco-industrial park will become a model that Vietnam will use to promote the image of a sustainable investment destination for foreign companies.
According to a DEEP C representative, foreign investors want to develop in sustainable conditions and they also want to access labor resources, not only in quantity but more importantly, in appropriate quality. They require higher qualifications, highly skilled workers for the factories they want to locate in Vietnam.
A very important point pointed out by the DEEP representative is that Vietnamese regulators need to be more specific about minimizing the impact of the global minimum tax on FDI.
At the same time, “We also need to work to further expand the ecosystem in which those companies operate. If the supply chain in Vietnam is not fully developed, attracting FDI will become difficult as they will look for reliable suppliers in Vietnam that can provide quality products to their supply chain. them”, Mr. Koen Soenens emphasized.
Vnbusiness.vn
