After 25 years attracting foreign direct investment (FDI), Vietnam isnow looking to large investors. Insight by the Sai Gon Giai Phongnewpaper’s English edition.
Foreign investors have contributedsignificantly to the development of Vietnam’s economy, said DoctorNguyen Mai during a seminar looking for ways to boost FDI held by theMinistry of Planning and Investment. Most investments have been smalland medium enterprises in Asia.
Registered FDI capital hasincreased to 21.6 billion USD in 2013, a rise of nearly 55 percent overthe previous year. Of this, 11.5 billion USD has been disbursed, whichis 10 percent over 2012.
The Republic of Korea’s Samsung Grouphas decided to build the largest cell phone plant in the world in thenorthern province of Thai Nguyen. The plant will provide 60 percent ofthe group’s output in the global market.
Vietnam should limit thedevelopment of industrial zones, said Mai. Experiences from developedand large countries show that Vietnam should focus on those in specificfields to lure larger FDI projects.
Several Italian businesseshave contacted Vietnam about investment opportunities. Among them is agroup of companies from Emilia – Romagna, where most of well-known carbrands are manufactured.
The model of specialised industrialzones has been quite successful in the region and Italian businesses arestudying to develop it in Vietnam, according to Carlo AlbertoRoncarati, Deputy Chairman of the Association of Chambers of Commerce ofEmilia-Romagna Region.
They have listed Vietnam as one ofthe first-choice countries for foreign investment, said Palma Costi,President of the Legislative Assembly of Emilia-Romagna. The region’sadministration mapped out policies to assist businesses to invest inVietnam.
Phu My 3 Industrial Zone was recently built in thesouthern province of Ba Ria-Vung Tau, meeting demand of Japaneseinvestors. This is scheduled to receive large-scale business withadvanced technologies from the support industry.-VNA
Foreign investors have contributedsignificantly to the development of Vietnam’s economy, said DoctorNguyen Mai during a seminar looking for ways to boost FDI held by theMinistry of Planning and Investment. Most investments have been smalland medium enterprises in Asia.
Registered FDI capital hasincreased to 21.6 billion USD in 2013, a rise of nearly 55 percent overthe previous year. Of this, 11.5 billion USD has been disbursed, whichis 10 percent over 2012.
The Republic of Korea’s Samsung Grouphas decided to build the largest cell phone plant in the world in thenorthern province of Thai Nguyen. The plant will provide 60 percent ofthe group’s output in the global market.
Vietnam should limit thedevelopment of industrial zones, said Mai. Experiences from developedand large countries show that Vietnam should focus on those in specificfields to lure larger FDI projects.
Several Italian businesseshave contacted Vietnam about investment opportunities. Among them is agroup of companies from Emilia – Romagna, where most of well-known carbrands are manufactured.
The model of specialised industrialzones has been quite successful in the region and Italian businesses arestudying to develop it in Vietnam, according to Carlo AlbertoRoncarati, Deputy Chairman of the Association of Chambers of Commerce ofEmilia-Romagna Region.
They have listed Vietnam as one ofthe first-choice countries for foreign investment, said Palma Costi,President of the Legislative Assembly of Emilia-Romagna. The region’sadministration mapped out policies to assist businesses to invest inVietnam.
Phu My 3 Industrial Zone was recently built in thesouthern province of Ba Ria-Vung Tau, meeting demand of Japaneseinvestors. This is scheduled to receive large-scale business withadvanced technologies from the support industry.-VNA
