Abundant human resources with enhanced skills together with improved investment attraction policies have made Vietnam attractive to foreign investors.

President of the German Bosch Group’s Gasoline Systems division, Dr. Rolf Bulander, made the remark at a recent interview granted to Thoi bao Ngan hang (Banking Reviews).

Explaining why Bosch decided to inject 55 million EUR into Vietnam , in the context that inflation directly affects domestic production and business, Dr. Rolf Bulander said that Vietnam is a member of the World Trade Organisation with political stability and a growing economy.

Bosch also realised that Asia-Pacific is an emerging market with potentials and the Southeast Asian region alone í expected to account for 30 percent of Bosch’s total revenue in 2015.

The group’s investment in Vietnam , including a 30 million EUR high tech production facility for push-belts used for continuously variable transmission (CVT) in automobiles
in Long Thanh Industrial Park in the southern province of Dong Nai , reflected its commitment of long-term presence and investment in the Southeast Asian country, the President said.

In his opinion, despite the fact that Vietnam’s car manufacturing and supporting industries have yet to develop strongly, Bosch still anticipated the sector’s development potentials.

With a convenient transport location, Vietnam acts as a gateway to many regional countries. Further more, the country has set up good trade relations with Japan and China , which are Bosch’s major markets.

With an expected output of 2.3 million products by 2015, the plant in Long Thanh IP will become a major provider for the whole Asia-Pacific region, he said.

The chairman suggested Vietnam create a open investment attraction policy to become more attractive to foreign investors.

The government should also invest more in supporting industries in order facilitate foreign partners’ investment in hi-tech industries.

Improving human resources quality, upgrading infrastructure and making use of available advantages make Vietnam an attractive destination for foreign investors, Rolf Bulander said./.