Vietnam Seeking Private Investments in High-Tech Sectors at Industry Forum
Key Ideas
- Vietnam is actively seeking critical private investments in high technology, renewable energy, logistics, and innovation sectors to enhance its economic development.
- The country's efforts to improve the business climate through administrative simplification, policy stability, and investor support have attracted interest from Japanese, European, and Singaporean investors.
- Vietnam is strategically positioning itself as an attractive destination for foreign direct investment (FDI) with a focus on quality, efficiency, innovation, and sustainability.
- Prof. Nguyen Mai highlighted Vietnam's proactive approach in adapting to global contexts and leveraging new opportunities, such as implementing Global Minimum Tax and addressing trade challenges effectively.
Vietnam is actively seeking private investments in high-tech sectors like high technology, semiconductors, renewable energy (including hydrogen), and digital transformation. At the Europe-Asia Industry Cooperation Forum in Hanoi, Vo Van Chung emphasized the government's encouragement for projects with high added value and environmental friendliness. The country's attractive investment climate has garnered interest from Japanese and European enterprises, with Vietnam being viewed as a potential market for high-tech projects connecting to the ASEAN region. Vietnam aims for selective investment attraction focusing on quality, efficiency, and sustainability. The nation plans to develop an international financial center in Ho Chi Minh City and Danang. The government's proactive measures in response to global challenges, such as implementing the Global Minimum Tax, have been praised, positioning Vietnam as an alternative to China and a promising destination for foreign investors. Challenges like aging population and environmental risks are acknowledged, but Vietnam's growth in the new energy vehicle market and focus on renewable energy sources show promise for robust economic development.