Vietnam attracts capital flows and receives output from ASEAN nations.
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- 23:04 05/10/2023
DNHN - Several international corporations, including multinational corporations such as Roxcom, Lego, Samsung, and LG, have signed several large projects or increased investment in Vietnam.
Vietnam is becoming a desirable destination in the wave of shifting industrial production to ASEAN countries. This is evidenced by the attention of international partners to the social and environmental responsibility of manufacturing enterprises in Vietnam, especially in the development of supply chains (environment, society, and governance).
Several international corporations, including multinational corporations such as Roxcom, Lego, Samsung, and LG, have signed several large projects or increased investment in Vietnam. This demonstrates that Vietnam has been attracting capital flows and displacing production from other ASEAN nations.
However, Vietnamese businesses also face several obstacles, including the development of green energy, the attraction of highly specialized human resources, and the update of new technology to increase production efficiency and decrease energy consumption. In the Global Supply Chain, industries such as supporting industries and electronics are deemed promising and have opportunities for sustainable development.
Vietnam is meeting the rising demand in the ASEAN region for high-precision manufacturing, electronics, and technology. Following the regional trend, support from both the public and private sectors has enabled Vietnamese manufacturers to increase efficiency and production with fewer resources.
Foreign direct capital flows (FDI) and investment in technology have also contributed to Vietnam's economic recovery and growth. Particularly, Ho Chi Minh City has attracted numerous new FDI projects and licensed a large number of businesses in the industry, construction, and other fields.
All of these factors combine to make Vietnam an attractive investment and industrial production development location for international businesses.
P.V (t/h)
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