Vietnam needs to select and prioritize projects using modern, environmentally friendly technology and associated with 4.0 technology trends.
On October 28, at the Vietnam Industrial Real Estate Forum 2020 with the theme "New investment wave" organized by the Investment Newspaper and BW Industrial (the developer of a series of ready-built factories), All speakers acknowledged that Vietnam is integrating strongly and has many welcome opportunities Investors foreign.
Many attractive factors
Vietnam's recent data show that despite the economic difficulties, Vietnam's exports are still growing. Explaining the success in attracting foreign investment, friendly investment policy explaining experts, industrial zones and a plentiful supply of young labor have helped Vietnam to attract investors.
Delegates exchanged on the sidelines of the forum "Welcoming new investment waves"
Mr. Vo Thanh Thong, Deputy Minister of Planning and Investment, acknowledged Southeast Asian countries, particularly Vietnam, is a bright spot on the map of attracting foreign investment since the 19 Covid epidemic caused by Vietnam. good pandemic control. That has boosted Vietnam's economic development and stopped the slowdown compared to other countries.
In particular, in the context of a pandemic raging globally has broken supply chains. Many factories and enterprises had to close, many enterprises (DN) decreased revenue and profit, but Vietnam still maintained the second highest economic growth rate in the Asia-Pacific region. At the same time, Vietnam has a stable political system, abundant human resources, competitive costs ... Free trade agreements (FTAs) that Vietnam has signed and come into effect, most recently with the EU ( EVFTA) contributes to the attractiveness of the investment and business environment of Vietnam.
General Director of BW Industrial, Mr. CK Tong, said that 60% of "queenbee - queen bee" investing in Vietnam were international companies, especially from the EU when EVFTA took effect. Vietnam attracts many foreign investors in the mechanical engineering, auto parts, electronics ... with high technology content.
Mr. Le Trong Hieu, Director of Office Business Consulting and Industrial Real Estate Division (CBRE Vietnam), said that Vietnam is having many advantages in attracting investment. First of all, the advantages of supply chain development. It is easy for investors to find a large land fund for logistics development. That is also the reason for the factory relocation of new investors in the car assembly industry, especially targeting the central and northern regions of Vietnam.
Need a reasonable strategy
Mr. Pham Ngoc Tung, Deputy General Director of Sales and Marketing of IMG Company - an industrial zone development unit in Long An, gives the necessary strategy to prepare for investment waves, which is to focus on developing location. , create a complete infrastructure system to create trust for partners, at the same time handle legal issues, cooperate with credit institutions to sponsor capital for partners. This requires a great deal of support from the locality where enterprises locate the IPs.
The problem is that when attracting investment, will there be a negative impact on the environment, labor-intensive work and other factors…? Representatives of enterprises said that the localities responsible for this issue were tightly managed when the units established IPs, approved projects from the environmental impact assessment stage ...
Mr. Le Trong Hieu said that enterprises that set up factories in Vietnam only assemble simple products to avoid taxes due to the US-China trade war, and it will be very difficult to get approval under the current management process.
It should be noted that in order to prepare to attract a new investment wave, according to the speakers, Vietnam needs to select and prioritize projects using modern technology, environmentally friendly and associated with technology trends. 4.0. Must continue upgrading infrastructure, including existing industrial zones and economic zones, especially improve and remove related policies to attract large investors.