Vietnam receives rising interest from Western European, American investors

Vietnam is seeing rising foreign direct investment from Western Europe and the U.S., especially in renewable energy, an official has said.

Apart from traditional investors such as Japan, South Korea, China and Taiwan, new companies are coming from Germany, the Netherlands, France and Spain, with a strong focus on renewable energy, said Do Van Su, deputy head of the Foreign Investment Agency under the Ministry of Planning and Investment, at a forum Thursday.

Tan Vu Port in Hai Phong City.

U.S. businesses are also increasing their interests in Vietnam. Recently representatives of the U.S.’ Semiconductor Industry Association with 32 members have come to Vietnam to look for investment opportunities, he said.

Vietnam has been voicing support for renewable energy and semiconductor investment in recent years.

The country has made a commitment to achieve zero greenhouse gas emissions by 2050.

Prime Minister Pham Minh Chinh last month ordered government bodies to form a plan to train up to 50,000 engineers and 100 experts in digital transformation and manufacturing semiconductors.

Traditional investors have expressed their continued trust in Vietnam.

Choi Kyu Chul, vice president of Korea Chamber of Business in Vietnam, said that there will be increasing investment from South Korea in Vietnam in the upcoming years.

But some issues are discouraging foreign investors, such as the lack of land, especially in Ho Chi Minh City, said Dao Xuan Duc, chairman of the

Ho Chi Minh City Export Processing Zone and Industrial Park Authority Business Association.

Delays in land clearance and compensation are the main reasons for the shortage, he said.

"Many investors have chosen Dong Nai or Binh Duong Provinces to base their factories instead of HCMC," he added.

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.

 

FDI set to bounce back thanks to investors’ growing confidence

Despite some reductions in attraction of foreign direct investment in the first quarter of this year, Vietnam is expected to see a rebound in this kind of capital for the whole year, with investors’ confidence into the economy continuing to rise.

 

Minister hopes US becomes biggest investor in Vietnam

Minister of Planning and Investment Nguyen Chi Dung has voiced his hope that US enterprises will become the biggest investor in Vietnam to seize every cooperation opportunity in the countries’ development process on the basis of equality, mutual respect, and mutual benefits.

 

Bac Giang offers maximum support for investor to early operate Tan Hung IP

(BGO) – On March 15, Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Phan The Tuan paid a field trip to inspect the investment and construction progress of Tan Hung industrial park (IP) and incorporation of Tan Hung industrial cluster into Tan Hung IP in Lang Giang district.

 

Vietnamese real estate remain attractive to foreign investors

The Vietnamese real estate market has remained attractive to foreign investors and investment funds despite difficulties countering domestic firms, according to insiders.

 

Source: VnExpress