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Vietnam continues to affirm its attractiveness in the eyes of international investors with 28.5 billion USD of registered FDI capital, up 15% over the same period, among the top countries in the region attracting foreign investment. This demonstrates the confidence of international investors in Vietnam's investment environment and development potential. However, with the goal of attracting high-quality FDI capital flows, Vietnam's industrial parks are no longer competitive with low prices.
In recent times, FDI capital flows into Vietnam - especially Ho Chi Minh City - have not only increased in quantity but also improved in quality. Many large corporations such as Qualcomm, NVIDIA, LEGO... have been expanding their investments, establishing supply chains and R&D centers. This helps to increase Vietnam's position in the global supply chain, especially in the fields of high technology, semiconductors, AI, and innovation.
A stable investment environment, increasingly transparent legal procedures, a one-stop mechanism in improving competitiveness... help Vietnam not only attract but also retain strategic FDI capital flows.
"These issues have become the foundation for Vietnam in attracting high-value FDI and we see no strong fluctuations in FDI flows into manufacturing, despite tariff issues and changes in production chains around the world ," said Mr. Truong An Duong - Managing Director of Industrial and Residential Real Estate, Frasers Property Vietnam.
Mr. Dinh Hoai Nam - Director of Business Development and Trade, SLP Vietnam commented: "When the tariff figures have a clearer picture, the capital flow from our perspective for foreign investors has shifted, expanding investment as well as new registrations, demonstrated by the fact that customers in China, Singapore, even in Europe, they have returned to talk and have a new commitment to expanding production and business in Vietnam".
To continue to be a destination for high-quality FDI, Vietnam’s industrial parks must increase their regional competitiveness. Develop new industrial parks that meet ESG criteria, increase investment in connecting infrastructure, and develop high-quality human resources.
Mr. Nguyen Thanh Chuong - General Director of Thanh Thanh Cong Industrial Park Real Estate Company said: "With high-end capital flows, the products we provide to the market must also meet the requirements from institutions to infrastructure, as well as providing labor resources to meet new needs."
Ms. Tran Thi Hai Yen - Director of the Southern Investment Promotion Center, Foreign Investment Agency, Ministry of Finance informed: "Recently, the Government has planned projects such as special economic zones, free trade zones, and the establishment of international financial centers in Ho Chi Minh City and Da Nang. These are factors of both soft and hard infrastructure to increasingly attract high-quality projects."
Vietnam currently ranks 3rd in ASEAN in attracting FDI, after Singapore and Indonesia, and still maintains its advantage thanks to cheaper land prices and labor costs. However, this advantage will not last forever. Instead, non-financial factors such as the quality of logistics infrastructure, a stable investment environment, and smooth administrative procedures will help Vietnam transition from a cost advantage to building long-term trust with global corporations.
Source: https://vtv.vn/khu-cong-nghiep-viet-nam-khong-con-canh-tranh-bang-gia-re-100251031145658621.htm
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