High-quality human resources to help Vietnam draw more FDI

To attract more foreign direct investment (FDI), Vietnam needs to pay attention to training high-quality human resources, accelerating administrate reform and developing and upgrading infrastructure, according to the European Chamber of Commerce (EuroCham).

High-quality human resources to help Vietnam draw more FDI -0
High-quality human resources to help Vietnam draw more FDI (Photo: VNA)

(VNA) – The organisation said European businesses have planned to expand their investment in renewable energy, hi-tech manufacturing and processing, and research and development (R&D) centre next year.

In a recent report, Savills Vietnam also emphasised the attractiveness of investment in high value manufacturing industries in Southeast Asia and Vietnam.

Compared to China, India, and other Southeast Asian countries, Vietnam is an attractive market for investment with relatively low risk. This creates an impetus for the capital flow of many technology companies, and businesses operating in other fields in the US to invest in Vietnam.

According HSBC Bank (Vietnam) Ltd, Vietnam has become a hi-tech production centre in the world. Large groups such as Samsung and LG of the Republic of Korea, and partners of Apple and Goertek, Foxconn and Pagatron have poured tens of billion USD into Vietnam.

Statistics from the Ministry of Planning and Investment, as of December 20, 2022, the total newly-registered capital, adjusted capital, and capital contribution and share purchase hit nearly 27.72 billion USD, equivalent to 89% of the same period of 2021.

Foreign businesses invested in 54 localities nationwide in 2022.

Recently, Samsung officially launched an R&D centre worth 220 million USD in Vietnam. The firm intended to turn the country into a strategic R&D base.

Dirk Hartmann, General Director of Tesa Site Hai Phong Co., Ltd, said when it selected Vietnam for its plant, the firm saw an attractive destination for investment thanks to the country’s stable economic growth.

Economy

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.