Boost for investment in Vietnam

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the signing of the Memorandum of Understanding between the People's Committee of Hung Yen province and WHA Group (Thailand) on the development of Phu Cu Industrial Park. Photo: Duc Thanh

Opportunities from strategic agreements

A series of cooperation agreements were signed between Vietnam and Thailand, within the framework of Thai Prime Minister Paetongtarn Shinawatra's visit to Vietnam - a visit in which the two sides announced upgrading their relationship to a Comprehensive Strategic Partnership, opening up many opportunities to promote cooperation in many fields, including economics and investment.

Notable among the cooperation agreements are the memorandum of understanding between the People's Committee of Hung Yen province and WHA Group (Thailand) on the development of Phu Cu Industrial Park; the memorandum of understanding on strategic investment cooperation between the People's Committee of Phu Tho province and Amata Vietnam Group; the decision approving the investment policy of the Giang Quang Thinh Industrial Park Infrastructure Project (Thanh Hoa), invested by Amata Group.

Perhaps, it is no coincidence that the “two giants” in the industrial real estate sector of Thailand have new plans to develop infrastructure for industrial parks in Vietnam, after having poured billions of dollars into developing projects in Quang Ninh, Dong Nai, Nghe An… The only reason is to anticipate the flow of foreign investment capital still pouring into Vietnam, despite the difficulties caused by fluctuations in the world economy.

Amata Vietnam CEO, Ms. Somhatai Panichewa, when signing the strategic Memorandum of Understanding with the People's Committee of Phu Tho province, said that Amata - with its experience, reputation and international relations, will support Phu Tho province in promoting and spreading the province's competitive investment advantages, in order to attract potential investors in Thailand and around the world. "We will conduct investment research and implement projects in the fields of industrial parks, urban areas - smart cities, logistics services, trade... in Phu Tho province", she said.

Many other positive information also shows that when cooperation between countries is promoted, foreign investment flows will have the opportunity to be increased. For example, in a recent meeting with General Secretary To Lam in Russia, Mr. Kudryashov Sergei Ivanovich, General Director of Zarubezhneft - a large Russian oil and gas corporation, said that he is cooperating with Vietnamese partners to promote research and implementation of renewable energy projects such as offshore wind power and green hydrogen... in Vietnam.

Meanwhile, meeting with Prime Minister Pham Minh Chinh, Mr. Peng Gangping, General Director of Huadian Group (China) said that the Group wishes to continue investing in developing the renewable energy industry in Vietnam, including plans to deploy more biomass power, wind power, and energy storage projects in Dak Lak, Tra Vinh, Quang Tri, and Lam Dong. Huadian has invested about 2.8 billion USD in power projects in Vietnam, with a total installed capacity of 1.5 GW.

Similarly, when the Ministry of Finance's delegation visited the US and worked with large corporations such as Intel, Meta, etc., commitments to continue investment and business activities in Vietnam were made.

Boost for investment in Vietnam

An investment of 1 billion USD has just been continued by the US investment fund Warburg Pincus in The Grand Ho Tram Project - a project that Warburg Pincus has invested in Vietnam since 2013. The new subdivision of the Project, with a scale of 35 hectares, has just started construction. This event, it can be said, is an affirmation of the confidence that foreign investors have in Vietnam in the context of the US tariff story that can affect foreign investment flows.

Current developments show that Vietnam remains one of the most attractive investment destinations. In its recently released Q1/2025 Asia-Pacific Investment Report, Savills said that investor sentiment in the region continues to be cautious, reflecting the impact of a volatile global economic environment and rising geopolitical tensions. However, some markets such as Japan, India, Malaysia and Vietnam have recorded improvements in investment activity in the past quarter.

During a meeting with Deputy Minister of Finance Cao Anh Tuan, Ms. Sarah Kemp, Vice President of Government Affairs of Intel Corporation, highly appreciated the fact that the Vietnamese Government in general and the Ministry of Finance in particular, since 2006, have had special preferential policies for pioneering investors in the high-tech sector.

“The policy recommendations have been listened to respectfully and taken seriously by various agencies of the Ministry of Finance. These are important premises and foundations for the Group to continue its long-term development orientation in Vietnam,” said Ms. Sarah Kemp.

According to Savills, 2025 marks a strong shift in infrastructure in Vietnam, with a series of key projects being accelerated and some expected to be put into operation within the year. Notable among these are the North-South Expressway, the Bien Hoa-Vung Tau Expressway, the expansion of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway and the Ho Chi Minh City Ring Road 3.

The projects not only contribute to the completion of the inter-regional transport network, but also play a fundamental role in enhancing the competitiveness of the national economy in the new transition period. “Improving policies and developing infrastructure are the driving force for investment in Vietnam,” said Mr. Troy Griffiths, Deputy Managing Director of Savills Vietnam.

In fact, the US tariff story is causing confusion for many investors. However, in a recent meeting with Mr. Vo Xuan Hoai, Deputy Director of the National Innovation Center (NIC) in the US, Ms. Molly Montgomery, Director of Public Policy, in charge of the US market, and colleagues at Meta DC highly appreciated Vietnam's proactive response to issues related to US tariffs.

“For companies with large production networks in Vietnam, the Vietnamese Government's statements and responses to the US government are important to the policy of continuing to invest and expand investment in Vietnam,” Ms. Molly Montgomery emphasized, adding that Vietnam is an important market for Meta and is becoming more and more important in the context of many factories moving to Vietnam.

As Vietnam has become an important market, investment decisions will soon be made. However, to attract investment, reforms in the investment and business environment and administrative procedures need to continue to be promoted.

When the PCI 2024 Report was released, experts emphasized that in the context of the global supply chain being strongly restructured, Vietnam continues to be in a favorable position to welcome a new wave of investment in the future. However, to maintain this momentum, Vietnam must persevere with extensive institutional reforms, modernize infrastructure and develop high-quality human resources.

Source: https://baodautu.vn/suc-bat-cho-dau-tu-tai-viet-nam-d285135.html