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

Central Committee of the Vietnam Youth Federation has a new Chairman

|

Hanoi - Mr. Nguyen Kim Quy was consulted to hold the position of Chairman of the 9th Central Committee of the Vietnam Youth Federation, term 2024-2029.

The last smiles of fishermen staying at sea

|

Gia Lai - After 4 days drifting at sea, 32 fishermen were rescued, but the smiles of fellow shipmen before letting go still remain in the memories of returnees.

The underpass in front of the new Mien Dong Bus Station in Ho Chi Minh City is deeply flooded again after heavy rain

|

Ho Chi Minh City - After a heavy rain on the afternoon of September 15, the new Mien Dong Bus Station underpass was flooded, causing many vehicles to stall, and people had to turn around and drive in the opposite direction.

Van Hau banned for 4 matches after a rough foul on Doan Ngoc Tan

|

The Disciplinary Committee of the Vietnam Football Federation has issued additional penalties for Doan Van Hau and Da Silva after rough fouls in round 2 of the V.League.

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.