Business

Enterprises accelerate investment to anticipate new opportunities

As 2023 is forecast to be a difficult year driven by increasing inflation and economic recession at the global level, enterprises in Vietnam have actively built scenarios to adapt to market recovery and anticipate new business opportunities.
Enterprises accelerate investment to anticipate new opportunities ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – As 2023 is forecast to be adifficult year driven by increasing inflation and economic recession at theglobal level, enterprises in Vietnam have actively built scenarios to adapt tomarket recovery and anticipate new business opportunities.

According to the General Statistics Office (GSO), Vietnamattracted foreign direct investment (FDI) worth 1.69 billion USD as of January20 this year, down 19.8% annually.

However, in the month, local authorities granted licencesfor 153 new FDI projects worth 1.2 billion USD, up 48.5% in number and 3.1times in value.

This is considered a new signal that opens up more chances forbusinesses in 2023.

Duong Nguyen Thanh, deputy director of Haast IndustriesVietnam Co., Ltd, said that the number of new electronics orders in the worldhas declined sharply since late 2022, mainly in the consumer electronicssector.

The decrease is affecting Haast’s operation and output.However, the factory has taken different measures to ensure flexible adaptationsuch as strengthening connectivity with existing partners, seeking newcustomers to maximise production capacity, and increasing the governancecapacity and human resources quality to meet high requirements of choosymarkets.

Trinh Van Quang, Vina CPK-Project Development Manager, saidthat his company is investing in building Ba Thiet II industrial park in BinhXuyen district in the northern province of Vinh Phuc with an area of 308hectares.

At present, the occupancy rate at the cleared area reaches100% with many large enterprises from the Republic of Korea, Japan, the US,Sweden, and Taiwan (China), which operate mainly in high-tech andenvironmentally-friendly production and business industries./.
VNA
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