Accelerating the attraction of high-quality FDI in manufacturing and processing

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According to data from the General Statistics Office ( Ministry of Finance ), as of September 30th this year, the total registered foreign investment in Vietnam reached US$28.54 billion, an increase of 15.2% compared to the same period last year. Of this, newly registered capital increased by 17.4% in terms of the number of projects compared to the same period.

In terms of disbursed capital, the first nine months of this year continued to set a record with FDI disbursement estimated at US$18.8 billion, an increase of 8.5% compared to the same period last year and the highest figure for the first nine months in the last five years. Notably, this record level has been maintained for several months, indicating that foreign investors continue to pour capital into factories and industrial plants.

The processing and manufacturing industry continues to lead in disbursement with $15.56 billion, affirming its role as the main driving force of the economy . More and more countries in the region are choosing Vietnam as a destination for high-tech factories, with Japan being a prime example.

Assessing the Vietnamese aviation market as growing by over 10%, Japanese companies have established factories here to manufacture and supply supporting components for the industry. A representative from the Japanese Embassy in Vietnam confirmed that many manufacturing companies from Japan are exploring and deciding to expand their investments in Vietnam.

Mr. Ishika Wa Isamu, Deputy Ambassador of Japan to Vietnam, commented: "Vietnam is increasingly having high-tech industrial parks that benefit from preferential policies, and Vietnamese businesses also have an open mindset, are ready to cooperate and update new technologies. This is a strong point that makes Japanese investors consider Vietnam an attractive investment destination."

According to industrial parks in Hanoi , the occupancy rate is currently quite high. Therefore, these parks are preparing additional land and diversifying infrastructure in line with green and sustainable trends to meet the requirements of FDI partners.

According to representatives of the Hanoi Supporting Industries Association, the arrival of large investors has led to strong demand from satellite businesses and secondary investors, especially in the supply chain of components and supporting industrial products. Therefore, an ecosystem model within industrial parks, encompassing the supply chain of components, assembly plants, and transportation units, is essential. This will enable Vietnamese businesses to supply Made in Vietnam components to international production chains right in their own backyard.

Japanese investors also stated their willingness to cooperate with Vietnamese vocational schools to provide customized training for businesses, ensuring the quality of high-tech engineers. Businesses also expect localities to quickly finalize the two-tiered administrative system to facilitate quick and smooth investment procedures for businesses.

Source: https://vtv.vn/tang-toc-thu-hut-fdi-chat-luong-cao-che-bien-che-tao-100251020141954641.htm