Visitors to METALEX Vietnam 2023 in HCM City (Photo: VNA) The Southeast Asian country has welcomed an influx of investment from manytech giants such as Foxconn, Samsung and LG. However, efforts should be exertedto develop green energy and high-quality human resources so as to meet the requirements of investors.
Investors give social and environmental responsibility carefulconsiderationbefore injecting capital or setting up joint ventures withVietnamese firms.
General Director of RX Tradex Vietnam Vu Trong Tai said that with a view tocapitalising on foreign investment and expansion of industrialproduction, Vietnamese producers should improve their competitive edge by upgradingmachines, applying state-of-the art technologies into production, and improvinghuman resource quality.
He particularly stressed that support industries and electronics hold hugepotential to join the global value chain.
Meanwhile, Hirabayashi Tomoya, a representative from Yahama Vietnam’s businessand marketing division, said the world’s leading technology brands have enhancedpromotion in the Vietnamese market as they see Vietnam as an attractivevenue for industrial production in ASEAN.
Experts said as demand for precise manufacturing and production of electronicdevices in the country is on the rise, new solutions and technologies will helpVietnamese producers improve their productivity.
Vietnam’s economic recovery from the outset of this year has been largely spurredby industrial production, especially stable FDI inflow.
In Ho Chi Minh City alone, some 406 million USD was registered in 860 new FDIprojects during January – September, up 16.7% and 51.7%, respectively.
Regarding the industrial sector, the city granted business licenses for 6,941 firmswho registered more than 94.9 trillion VND (3.88 billion USD) for theiroperation./.
VNA
