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

Hanoi Chairman requests immediate remediation of slow settlement of administrative procedures

|

Hanoi - Regarding feedback on the slow resolution of some administrative procedures, the Chairman of the City People's Committee requested relevant units to immediately rectify it.

9th Hour No. 207: Lies - Part 1

|

9th Hour - Being in a perfect marriage, the husband returns from work early and suddenly discovers strange messages on his wife's phone. What secret is about to be exposed?

Hung Yen Inspectorate points out a series of shortcomings at Thai Binh Hospital

|

Hung Yen - Hung Yen Provincial Inspectorate pointed out many shortcomings at Thai Binh Hospital in complying with regulations on health, labor and receiving patient feedback.

"pod chill" e-cigarettes disguised as toys publicly advertised for sale on social networks

|

Buying and selling "pod chill" is still bustling on social networks. Experts warn that this product may potentially contain banned substances, harmful to health.

Ministry of Foreign Affairs informs about support for victims of canoe sinking in Phu Quoc

|

The Vietnamese Ministry of Foreign Affairs affirmed its close coordination with Indian agencies to complete the return of the victim's body to India according to the wishes of the family.

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.