Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.
Samsung has recently announced an additional 1.8 billion USD investment in its Samsung Display factory in Bac Ninh province. LG, another corporation from the Republic of Korea will inject another 1 billion USD into its project, raising the total investment from 4.65 billion USD to 5.65 billion USD.
The additional investment not only supports Vietnam’s goal of attracting 39-40 billion USD in FDI this year but also exemplifies the transformative shift in foreign investment into the country.
According to a recent Savills Vietnam report, the country’s industry sector is undergoing a transformative phase, attracting a wave of high-value investments.
This marks its evolution into a manufacturing, logistics, and digital hub in Southeast Asia.
Key areas like digital economy and data centres are expected to see a surge in investment in the near future.
With its competitive costs, strategic location, and extensive trade agreements, Vietnam is well-positioned to capture this new wave of investments./.
