Vietnam continues to be an important destination for foreign direct investment (FDI) flows, as demonstrated by the continuously increasing amount of capital attracted.
Total FDI capital registered in Vietnam in the past 9 months reached nearly 25 billion USD, an increase of more than 11.6% over the same period. Many large corporations in the world have committed and gradually implemented their commitments, turning Vietnam into a major production center in their global chain.
Choosing a company with a 35-year history of development as its partner in Vietnam, the Group aims to build a large production center here to dominate the regional market, supplying products to the global system with the expected capacity to produce 3 billion products/year by 2028. To do that, the company has continuously invested in research and development.
Mr. Stéphane Jacqmin - Senior Vice President of Emerging Markets, STADA Group said: "Our research investment priority in Vietnam is aimed at our commitment to community care, thereby enhancing Vietnam's position as a high-standard manufacturing center, with the ability to meet both domestic and export markets."
FDI is not only a financial resource but also a technological resource, contributing significantly to the development of Vietnam's economy . FDI disbursement reached 17.3 billion USD, the highest value in the same period of the past 5 years. However, to increase attractiveness to investors, we must also strongly improve human resources and infrastructure.
This is the construction area of the Phu Thu intersection tunnel, on the North-South Expressway, one of the four intersections of Ha Nam province, directly connecting with the 5th ring road of the Capital region and the North-South Expressway, creating traffic and logistics synchronization between the province's industrial parks and clusters with the provinces and cities in the region, airports and seaports. This is a magnet to attract foreign investors.
Mr. Tran Xuan Duong - Vice Chairman of Ha Nam Provincial People's Committee commented: "The province has invested in many connecting routes from the East to the West, along the axis routes according to Government regulations, developing a system of expressway feeder roads connecting the Centrally invested routes as well as the routes invested by the locality".
Along with investment incentive policies, legal regulations on business investment are being amended and improved to create favorable conditions for investors.
Ms. Nguyen Thi Bich Ngoc - Deputy Minister of Planning and Investment commented: "The Ministry of Planning and Investment proactively advises and reports to the Government and the Prime Minister to submit to the National Assembly for consideration and amendment of the Law on Public Investment, promptly removing difficulties in institutions and laws, promoting the development of resources for socio-economic development, resolving urgent difficulties and problems, simplifying administrative procedures, strengthening decentralization and delegation of authority in conjunction with strengthening inspection and supervision".
According to international organizations, three factors: stable macro economy, positive economic growth recovery, and supply chain diversification strategy of global manufacturers continue to help Vietnam attract positive FDI capital this year.
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