VOV.VN - As a means of attracting more foreign direct investment (FDI), the nation needs to pay greater attention to training high-quality human resources, promoting administrative reforms, and developing and upgrading infrastructure, according to the European Chamber of Commerce (EuroCham).
The organization said that European businesses have initiated plans to expand their investment in renewable energy, hi-tech manufacturing and processing, and a research and development (R&D) centre next year.
In a recent report, Savills Vietnam also highlighted the attractiveness of investment in high-value manufacturing industries throughout Southeast Asia, and in particular Vietnam.
Compared to China, India, and other Southeast Asian countries, Vietnam represents an attractive market for investment due to its relatively low risk. This therefore creates an impetus for the capital flow of many technology companies and businesses operating in other fields in the United States to invest in the Vietnamese market.
According to HSBC Bank (Vietnam) Ltd, the nation has become global a hi-tech production centre, with Large groups such as Samsung and LG of the Republic of Korea, as well as partners of Apple and Goertek, Foxconn and Pagatron, having poured tens of billion of US$ into the Vietnamese market.
Statistics compiled the Ministry of Planning and Investment, as of December 20, 2022, show that the total newly-registered capital, adjusted capital, and capital contribution and share purchase hit close to US$27.72 billion, equivalent to 89% of the same period from 2021.
In line with this, foreign businesses invested in 54 localities nationwide in 2022.
Recently, Samsung officially launched an R&D centre worth US$220 million in the country, with the firm intending to turn the nation into a strategic R&D base.
Dirk Hartmann, general director of Tesa Site Hai Phong Co., Ltd, said when it originally selected Vietnam as the location for its plant, the firm saw an attractive destination for investment thanks to the country’s stable level of economic growth.