Attract investors, but prioritize products rich in intellectual content

Lê Thanh Phong |

Vietnam's attractiveness to foreign investors is "measured" by numbers. In the first 8 months of the year, more than 20 billion USD of foreign investment capital poured into Vietnam, an increase of 7% over the same period last year. In the first 9 months of 2024, foreign investment capital increased by 11.6%, approaching the 25 billion USD mark.

Take the 8 month and 9 month mark to see the huge difference in investment capital in just one month.

What economic analysts consider “interesting” is that not only has it attracted large amounts of capital, but investors have also chosen Vietnam to invest in technology projects that require a highly skilled workforce. Vietnam’s economic development strategy and foreign investment attraction is to prioritize the technology and green economy sectors. And perhaps, investors have realized the “harmony” and have invested in Vietnam with projects that meet the requirements of creating value-added products.

The good news is that famous technology names have targeted Vietnam for business. At the meeting between Prime Minister Pham Minh Chinh and Mr. Nick Clegg - President of Global External Affairs of Meta Group, the information was given that Meta will expand the production of Meta's latest mixed reality device - Quest 3S in Vietnam in 2025. This is expected to create about 1,000 jobs. This information shows that Meta Group trusts in Vietnam's high-quality human resources.

A big name choosing Vietnam to invest in a technology project will be a valuable PR for Vietnam, from which we can expect new faces to set foot. Attracting many investors and many projects, but what Vietnam prioritizes must be projects that create products with high intellectual content.

When investors in technology projects come to Vietnam, it will bring many other fields, including human resource training to meet job demands. Not to mention, Vietnamese technology enterprises have the opportunity to participate, learn and grow.

To attract more investment, investors must trust in the effectiveness of projects implemented in Vietnam, the "owner" must be ready for two things. One is to prepare a highly skilled human resource to serve projects that create products rich in intellectual resources. The other is to continue to improve the investment environment, with open policies, in line with international practices.

Lê Thanh Phong
RELATED NEWS

Close-up of the fireworks rehearsal at My Dinh Stadium

|

On the evening of January 21, at My Dinh National Stadium, a general rehearsal of the fireworks program to celebrate the success of the 14th Party Congress took place.

Developing Vietnamese industry and trade for autonomy, connectivity, modernization, green transformation, digital transformation and effective integration into global production chains and supply chains

|

Speech by Comrade Le Manh Hung, Secretary of the Party Committee, Acting Minister of Industry and Trade at the 14th National Congress of the Party.

9th Hour No. 185: The abandoned child - Part 1

|

9th hour - Devoting herself to a married man, a country girl was forced by him to have an abortion. The girl determined to keep the drop of blood, will she overcome this tragedy?

International cultural integration, shifting from exchange to true cooperation

|

Vietnam proactively integrates internationally in culture, comprehensively transforms thinking from "interaction, meeting" to "genuine cooperation", promoting national soft power.

Near Tet, a 600-year-old craft village in Hung Yen is busy carving horse mascots

|

Hung Yen - Near the Lunar New Year, Dong Xam silver carving village is at its peak production, with horse mascot carving products favored by the market.

Securities face profit-taking pressure from state-owned stocks

|

After an impressive streak of increases, the state-owned stock group underwent profit-taking pressure, causing the stock market to decline.

Overtime to ensure environmental sanitation during the 14th Party Congress

|

Hanoi - During the peak period serving the 14th National Party Congress, environmental sanitation workers have increased working hours to keep streets clean and beautiful.

The 13th Central Committee approves the list of personnel to introduce to the 14th National Congress

|

Personnel work of the 14th Central Executive Committee of the Party has been prepared elaborately, seriously, cautiously, carefully, scientifically, and in accordance with regulations.

Buying old houses, renovating and selling new ones, investors should be careful of risks

VÂN HI |

Can Tho - Low capital outlay and good liquidity make investors choose to buy old houses to renovate and resell.

"Golden Heart of Investors" Golf Tournament Raises Over 500 Million VND for Charity

MINH PHONG |

The "Golden Heart of Investors" golf tournament has found a champion and raised more than 500 million VND for charity.

Relieving the psychology of waiting, investors pour money into land

ANH HUY |

Transactions began to appear with greater frequency, contributing to relieving investors' psychology and making them willing to invest in land.