In 2024, many priorities will be given to FDI projects with high added value, high technology content and linkages with domestic enterprises, thereby creating spillover effects.
2024 is the breakthrough year of the 5-year economic journey from 2021 to 2025. Therefore, the Government, ministries, branches and localities will also devote all their efforts to this year of preparation. As one of the driving forces of growth, attracting FDI is forecast to continue to be a bright spot, Vietnam is still one of the priority choices for FDI capital flows.
Many large corporations and businesses in the electronics and semiconductor industry are present and planning to expand investment in Vietnam such as Intel, Samsung, Synopsys, Qualcomm, Infineon, Amkor, Nvidia.
Mr. Koen Soenens, Sales and Marketing Director of DEEP C Industrial Park affirmed that Vietnam has very attractive factors for investment such as a strategic location, a well-trained young workforce, and a favorable investment environment. continuously improved.
“With many new trade agreements signed, it is very suitable and beneficial for FDI enterprises. In particular, Vietnam is an emerging market, currently the center of attraction for countries around the world. I believe that the investment process of FDI enterprises in Vietnam will be even greater in the near future," Mr. Koen Soenens believes.
Sharing the same opinion, Mr. Nguyen Hai Minh, Vice President of the European Business Association in Vietnam (Eurocham), said that there are areas where European businesses are confident in technology and finance to deploy in Vietnam. bring profits and resilience to Vietnam such as energy, renewable energy or infrastructure investment.
According to the results of the most recent business confidence index survey conducted by this organization, European businesses not only voted Vietnam among the top 10 investment destinations in the world, but also nearly 20% of leaders. Surveyed businesses ranked Vietnam as the number 1 priority.
Judging from the Ministry of Planning and Investment, many large corporations and businesses in the electronics and semiconductor industry are present and planning to expand investment in Vietnam such as Intel, Samsung, Synopsys, Qualcomm, Infineon, Amkor,... Nvidia (USA) commits to making Vietnam the Group's second homeland; Hana Micron (Korea) inaugurated phase 2 and increased total investment in Vietnam to 1 billion USD; LG Innotech (Hai Phong) has invested in expanding the project by an additional 1 billion USD in the field of manufacturing electronic products.
Besides, according to many international investors, to attract increasingly positive investment, Vietnam must have necessary and sufficient conditions. The necessary conditions are the advantages - reflecting Vietnam's current position in the eyes of investors like the previous point of view, while the sufficient conditions are many other factors such as the investment environment, the viewpoint of guiding regulations. documents, legal procedures... to create maximum conditions for businesses to develop and contribute to growth.
Vietnam has very attractive investment factors such as a strategic location, a well-trained young workforce, and a continuously improving investment environment.
“The biggest problem is still administrative procedures - the licensing burden. Vietnam is currently doing well in disbursement of public investment and infrastructure projects are being implemented very aggressively, but taking advantage of private capital, especially PPP capital, is still limited. Foreign investment is very difficult to participate in," Eurocham Vice President shared.
Sharing with these difficulties, Mr. Nguyen Anh Tuan, Deputy Director of the Foreign Investment Department, difficulties for FDI enterprises come from many aspects, partly related to the Government's responsibility in creating opportunities. policy mechanisms, creating an environment of encouragement and development.
“We have a green growth strategy and an action plan to realize the goals, but that is not enough. The Government will need to continue to direct ministries and branches to review and ensure that the legal framework is truly favorable and encouraging. In particular, it is necessary to find practical, correct and effective preferential policy mechanisms to support businesses," Mr. Nguyen Anh Tuan said.
It is known that Vietnam's FDI attraction strategy will continue the trend of selective attraction to improve production capacity and increase spillover between the FDI sector and the domestic economic sector. Limit negative impacts on the environment, reduce the use of outdated machinery and technological equipment, consume resources and energy, are labor intensive and create little added value, scientific content low tech…
Regarding the orientation of attracting FDI in 2024 and the coming time, Minister of Planning and Investment Nguyen Chi Dung said that Vietnam will proactively attract and cooperate with foreign investment selectively, focusing on quality and efficiency. , technology and environmental protection. Priority will be given to projects with high added value, high technology content and links with domestic businesses, thereby creating spillover effects and connecting production and supply chains. Global.
Currently, the fields that are encouraged for foreign investment in Vietnam in the coming time include: electricity, electronics, semiconductors; renewable energy, highly efficient agriculture; digital economy, digital transformation; innovation, research and development; and financial center.
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