Large space, Vietnam continues to attract foreign investors

Foreign capital increases both in scale and value

Taking us on a tour of the factory, Mr. Bruno Jaspaert - CEO of Deep C (Hai Phong) excitedly shared: He came to Vietnam 6 years ago, after carefully considering a series of investment locations in the Asian region. After the pandemic, Deep C has grown strongly, making up for the "shortage" in revenue caused by COVID-19. "Over the past 6 years, we have achieved a growth rate of 5 times" - Mr. Bruno Jaspaert shared.

According to the Ministry of Planning and Investment (MPI), in the first 9 months of 2024, Vietnam continued to be an attractive destination for foreign investment capital. As of September 30, 2024, the total newly registered capital, adjusted capital, and capital contribution and purchase of shares (GVMCP), and purchase of foreign investment capital contributions reached more than 24.78 billion USD, an increase of 11.6% over the same period in 2023. The realized capital of foreign investment projects is estimated at more than 17.3 billion USD, an increase of 8.9% over the same period in 2023.

In particular, the capital of the five "big eagles" of foreign investment in Vietnam, namely Singapore, China, South Korea, Hong Kong (China), and Japan, alone accounts for 73.2% of new investment projects and 75.2% of the total registered investment capital of the country.

Speaking to Lao Dong reporter, Mr. Vu Tuan Anh - Chairman of JCI Vietnam 2022 emphasized: It should be noted that in the past 9 months, both realized investment capital and total registered investment capital continued to increase compared to the same period, with increases of 8.9% and 11.6%, respectively. In particular, new investment and capital adjustment increased in both value and scale of new/increased investment capital.

In particular, in September alone, the total amount of new and increased investment capital and capital contribution to buy shares and capital contributions (GVMCP) reached the highest level in the months from the beginning of the year until now, with nearly 4.26 billion USD, accounting for 17.2% of the total investment capital of the whole country in 9 months.

Huge potential in semiconductor, energy, and eco-industry

"This shows that doing business in Vietnam continues to be effective and foreign investors see that the potential for developing investment projects in Vietnam is still very large, especially in the fields of electronics, semiconductors, and agriculture towards reducing emissions. In fact, in the past 9 months, many large projects in the fields of semiconductors and energy such as: Battery production, photovoltaic cells, silicon bars, component production, electronic products, and products with high added value have received new investment and capital expansion" - Mr. Vu Tuan Anh emphasized.

Master Nguyen Thanh Tung (lecturer at Hanoi University of Industry) commented that eco-industry in Vietnam is not only an attractive point for domestic investors, but also a "delicious cake" attracting foreign investors. The proof is that DEEP Industrial Parks in Hai Phong are operating very effectively, being one of the leading birds contributing to supporting Vietnam in developing many other eco-industrial parks.

Mr. Bruno Jaspaert, CEO of Deep C (Hai Phong) also said: Currently, investors come to DEEP C not because of the cheapest land rental price, but because the infrastructure has the potential for green growth, attracting investors to invest and intend to stay long-term. "We never compete on price, investors coming to us do not need to negotiate to reduce prices, but they come to us because we are greener, we meet the requirements that investors are looking for" - Mr. Bruno Jaspaert said.