A Samsung Electronics factory in Bac Ninh province. (Photo: VNA)
Over the past five months of this year, foreign investmentregistered in the country reached nearly 10.86 billion USD, up 10.6%month-on-month, according to the Ministry of Planning and Investment's ForeignInvestment Agency (FIA).
Of the sum, more than 5.26 billion USD was injected into 962 newprojects, representing year-on-year increases of 27.8% in the value and 66.4%in the number, the agency said.
Koh Chiap Khiong, Sembcorp Industries' CEO of Singapore andSoutheast Asia, told vtv.vn thathis company had focused on expanding the renewable energy portfolio in Vietnam,in line with the country's climate goals.
He added that there were many opportunities to drive businessgrowth in line with the country's energy transition as the supply chain wasexpanding.
Chairman of the Republic of Korea (RoK) Hyosung Group Cho Hyun Joosaid his firm considered Vietnam a strategic market. Hyosung has developedproduction facilities in many localities throughout the country, such as Ho ChiMinh City, and Dong Nai and Ba Ria-Vung Tau provinces.
He told baodautu.vn thathis group would not only want to expand the scale but also to turn the countryinto a sustainable investment destination.
Another Korean firm, Doosan Group, said it was looking to expandeco-friendly energy investment in Vietnam as one of the future strategies thatit is aiming at the potential clean energy market in the Southeast Asiancountry.
Doosan Enerbility company had signed agreements with threecompanies operating thermal power plants in Vietnam to promote anenvironmentally friendly fuel conversion project.
The RoK’s firm and Nghi Son 2 Power Limited Liability Company havesigned a memorandum of understanding (MoU) on energy collaboration to researchthe application of carbon reduction solutions in electricity production, coalconsumption, and greenhouse gas emissions.
These MoUs were among a series of cooperation deals inked among Vietnamand the RoK firms during the Vietnam-Korea Economic Forum, held in the capitalcity last week under the framework of the State visit to Vietnam by RoK President Yoon Suk Yeol.
They had proved the keen interest of Korean investors in theVietnamese market, experts said.
FIA Director Do Nhat Hoang said that Vietnam saw a breakthrough inthe Korean investment flow over the past six or seven years.
The RoK is now the largest foreign investor in Vietnam, with atotal registered capital of 82 billion USD.
Most notably, several leading Korean business groups, includingSamsung, LG, and Posco, had initiated projects worth billions of dollars in Vietnam.
Although Korean investment in Vietnam tended to slow down in thefirst five months of this year, due to the general trend of global investmentflows, a bright future was ahead, baodautu.vn citedHoang as saying.
He added that the FIA had a list of dozens of Korean-investedprojects waiting for approval, some worth hundreds of millions of dollars, somevalued at billions of dollars and his agency would soon publish the informationabout these projects.
Large Korean corporations were considering Vietnam as the numberone investment destination, Hoang noted.
In his speech at the Vietnam-Korea Economic Forum, Prime MinisterPham Minh Chinh said Vietnam was giving priority to three strategicbreakthroughs regarding institutional reforms, infrastructure and humanresources.
The country was also stepping up economic restructuring,industrialisation and modernisation based on sci-tech and innovation, includingsustainable growth drivers such as the digital economy, digital transformation,green growth and circular economy in line with the country’s green growthstrategy.
In such a process, Vietnam welcomed foreign investors, especiallythose from the RoK, particularly in innovation, digital transformation,biotechnology, electronics, semiconductors, clean energy, green economy, smartcity development, and hi-tech agriculture, he stressed.
He also wished for their further investment in the cultural andentertainment industries.
At the forum, RoK President Yoon Suk Yeol said Vietnam and the RoKshould boost joint work in digital transformation, energy transition andrenewable energy./.
VNA
