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

Authorities wade through deep mud and landslides to reach isolated people in Da Nang

|

Da Nang - Hung Son Commune People's Committee said Ch'Noc village is completely isolated. The authorities wade through deep mud, crossing the isolated terrain to reach the people.

Judicial records information on VNeID is as valuable as a criminal record

|

The Minister of Public Security said that he will revise the draft in the direction that citizens' criminal records information is updated and displayed on VNeID.

The Minister of Public Security clarifies the proposal to install cameras in the passenger compartment of cars

|

The Minister of Public Security emphasized that the regulation on installing cameras in passenger cabin only applies to commercial vehicles for transportation, not to private vehicles.

The driver was swept away while driving a tractor-trailer overflooding with floodwater and has not been found

|

Quang Tri - The driver of a tractor-trailer residing in Ba Don ward carrying coal from the border gate to the inland border crossed a fence to cross a flooded bridge and was swept away.

Billionaire Pham Nhat Vuong's assets increased sharply, exceeding 20 billion USD

|

The net assets of billionaire Pham Nhat Vuong, Chairman of Vingroup Corporation, increased sharply, up to 20.1 billion USD, ranking 121st on the ranking of the richest people on the planet.

Proposal to regulate the sale of national reserve goods for national defense and security

|

National reserve goods for national defense and security are only sold for the national defense and security sector, including direct enterprises.

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.