More than 150 foreign investors come to Vietnam to explore investment opportunities

Speaking to the press at the 2023 Investor Conference, Mr. Don Lam - General Director and founding shareholder of VinaCapital Group - said that this year, the number of foreign investors attending the conference was the largest in the past 5 years. Of which, the most were investors from North Asia including Korea and Japan.

According to Mr. Don Lam, these investors represent corporations and investment funds that are managing capital of about 1,000 billion USD. He expects that attracting about 1 billion USD, of which investment in Vietnam is very good. Currently, foreign investors are interested in industries with development potential in Vietnam such as clean energy, renewable energy, green manufacturing and especially the semiconductor and chip industry after the trade relationship between Vietnam and the US was raised to the highest level.

Mr. Don Lam - General Director of VinaCapital Group shared at the 2023 Investor Conference

"A week ago, VinaCapital also held a conference with about 30 corporations from Taiwan coming to Vietnam to research and explore investment opportunities. Taiwan is currently considered the world's leader in chip and semiconductor manufacturing. Only about 1.2% of the population of this territory participates in the semiconductor industry, but the value of this industry contributes to 20% of Taiwan's GDP. Investors have expressed more interest, more confidence and want to invest more directly in Vietnam," Mr. Don Lam added.

Analyzing Vietnam's economy , Mr. Andy Ho - General Director of VinaCapital Investment Council - said that Vietnam's GDP growth for the whole year of 2023 will reach about 4.7% due to a decrease of about 10% in exports; domestic consumption demand is still weak when it is estimated that the whole year will only increase by 2-3% compared to the previous average of 8-9%/year; the real estate market still faces many challenges; international tourism has only recovered about 70% compared to before the Covid-19 pandemic...

However, Vietnam's economy is forecast to recover well in 2024 with GDP growth returning to around 6.5%/year. The decline in Vietnam's exports to the US market has ended and it is hoped that the number of orders will start to increase again. Along with that, the USD/VND exchange rate remains stable; the middle class growing at 10%/year will cause consumption to grow for more than 10 years to come... All of these will help foreign direct investment (FDI) continue to increase in Vietnam, especially FDI from the US.

Source: https://thanhnien.vn/hon-150-nha-dau-tu-nuoc-ngoai-den-viet-nam-tim-hieu-co-hoi-dau-tu-185231003112849398.htm