To attract FDI, technology needs capital and human resources

Lê Thanh Phong |

Foreign investors target Vietnam because they research and analyze many profitable opportunities. Vietnam has made many efforts to reform administration, build a favorable and stable investment environment along with many policies to support enterprises to produce and operate effectively.

That is the reason why Vietnam attracts more and more FDI capital, despite the adverse fluctuations in the world, from epidemics to conflicts and wars.

In addition to investors from many different industries before, there are now businesses investing in the semiconductor industry. This is a good sign, but also poses a lot of work for us to be able to invite many "big guys", "eagles" of technology to nest.

Economic experts note that not only Vietnam, but many countries in the region such as Malaysia, Indonesia, Thailand are building nests to welcome "eagles", the remaining issue is who builds better, more beautiful, more attractive. This is really a very fierce competition, fastidious investors who are well-versed in the international market will not make the wrong choice, they will find the most effective place to do business.

It all depends on the people.

First, the minds that design policies and laws to create a quality investment environment that meets the conditions and needs of implementing technology projects. This is a relatively new field for Vietnam, so it requires insight, flexibility and quickness in approach.

Second, human resources involved in technology investment projects. Building factories is not difficult, planning technology zones is not difficult, but finding enough high-quality human resources to supply high-tech investment projects is not easy at all. Prepare this force right now, at all costs must have a team of good engineers to meet the requirements of the projects.

Third, domestic enterprises should not sit idly by but must mobilize to participate in this production and business sector. There must be enterprises that master the technology and have products in the semiconductor industrial value chain.

To escape the status of a "processor", we need to have good people and elite human resources. Find talent and "hunt" for "heads". When we have human capital in hand, Vietnam will attract investment capital into the technology sector confidently, proactively and with the highest benefits.

Lê Thanh Phong
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