High-quality human resources to help Vietnam draw more FDI (Photo: VNA)
The organization said European businesses have planned to expand their investment in renewable energy, hi-tech manufacturing and processing, and research and development (R&D) center next year.
In a recent report, Savills Vietnam also emphasized the attractiveness of investment in high value manufacturing industries in Southeast Asia and Vietnam.
Compared to China, India, and other Southeast Asian countries, Vietnam is an attractive market for investment with relatively low risk. This creates an impetus for the capital flow of many technology companies, and businesses operating in other fields in the US to invest in Vietnam.
According HSBC Bank (Vietnam) Ltd, Vietnam has become a hi-tech production center in the world. Large groups such as Samsung and LG of the Republic of Korea, and partners of Apple and Goertek, Foxconn and Pagatron have poured tens of billion US dollar into Vietnam.
Statistics from the Ministry of Planning and Investment, as of December 20, 2022, the total newly-registered capital, adjusted capital, and capital contribution and share purchase hit nearly US$27.72 billion, equivalent to 89 percent of the same period of 2021.
Foreign businesses invested in 54 localities nationwide in 2022.
Recently, Samsung officially launched an R&D center worth $220 million in Vietnam. The firm intended to turn the country into a strategic R&D base.
Dirk Hartmann, General Director of Tesa Site Hai Phong Co., Ltd, said when it selected Vietnam for its plant, the firm saw an attractive destination for investment thanks to the country’s stable economic growth.