High-quality human resources to help Vietnam draw more FDI (Photo: VNA) Hanoi (VNA) – To attract more foreign direct investment (FDI),Vietnam needs to pay attention to training high-quality human resources, acceleratingadministrate reform and developing and upgrading infrastructure, according to theEuropean Chamber of Commerce (EuroCham).
The organisation said European businesses have planned to expand their investment in renewable energy, hi-tech manufacturing and processing, and researchand development (R&D) centre next year.
In a recent report, Savills Vietnam also emphasised the attractiveness ofinvestment in high value manufacturing industries in Southeast Asia and Vietnam.
Foreign businesses invested in 54 localities nationwide in 2022. - Illustrative image (Photo: VNA) Compared to China, India, and other Southeast Asian countries, Vietnam is anattractive market for investment with relatively low risk. This creates animpetus for the capital flow of many technology companies, and businesses operatingin other fields in the US to invest in Vietnam.
According HSBC Bank(Vietnam) Ltd, Vietnam has become a hi-tech production centre in theworld. Large groups such as Samsung and LG of the Republic of Korea, and partners of Apple and Goertek, Foxconn andPagatron have poured tens of billion USD into Vietnam.
Statistics from the Ministry of Planning and Investment, as of December 20, 2022, the total newly-registered capital, adjusted capital, and capital contribution and share purchase hitnearly 27.72 billion USD, equivalent to 89% of the same period of 2021.
Foreign businessesinvested in 54 localities nationwide in 2022.
Recently, Samsung officially launched an R&D centre worth 220 million USD in Vietnam. The firm intended to turn the country into a strategic R&D base.
Dirk Hartmann, General Director of Tesa Site Hai Phong Co., Ltd, said when it selectedVietnam for its plant, the firm saw an attractive destination for investmentthanks to the country’s stable economic growth./.
