Three foreign groups plan to pour 3.7 billion USD into Vietnam
Hanoi (VNA) – Three foreign groups unveiled their plans to pour 3.7 billion USD
into Vietnam at the Prime Minister’s meeting with foreign investors in
Hanoi on April 22, reported the Ministry of Planning and Investment.
Among them, a group from the Republic of Korea is to invest 1.6 billion USD in heavy industry and logistics production; a German investor is eyeing green production using renewable
energy with an estimated capital of 1.5 billion USD; and a Japanese investor plans to spend 600 million USD on medical equipment production.
Chairman
of the European Chamber of Commerce in Vietnam Gabor Fluit said despite several
barriers, Vietnam remains a rising star in business and investment.
The European business community in Vietnam is
committed to standing side by side with the Vietnamese Government to build a
prosperous and resilient nation, toward sustainable development and green
economy, Fluit said.
Takeo
Nakajima, Chief Representative of the Japan External Trade Organisation (JETRO)
in Hanoi, said Japanese enterprises are ready to invest in Vietnam. Its survey
showed that 47% of respondents will expand their operations in Vietnam in the
next 1-2 years. He also expressed
wish to see more foreign direct investment in Thanh Hoa, Quang Ninh and
Thai Binh.
Hong Sun, Chairman of the Korea
Chamber of Business in Vietnam (Kocham), said there are about 9,000 RoK businesses investing in Vietnam at present, with bilateral trade turnover reaching a record
high of 87.7 billion USD last year.
Many
Korean businesses investing in Vietnam are considering an increase in their
capital and making new investments if the business environment remains stable,
especially in high technology, finance and energy.
To
welcome the investment wave, Minister of Planning and Investment Nguyen Chi
Dung said Vietnam needs to prepare the necessary conditions, including "packages"
of preferential policies and support for new investment in the context of the
global minimum tax to be applied in 2024, improve the competitiveness of the investment
environment and harmonise the interests of investors.
In the long term, Vietnam will continue to
remove bottlenecks in mobilising resources and production and trade. It will step
up the disbursement of capital, and consolidate trust with the motto
"Placing the people and businesses at the centre, the subject, the goal
and the driving force of development”, he said./.