In the first 11 months of this year, the total newly registered, adjusted and contributed foreign investment capital (FDI) in Vietnam reached nearly 31.4 billion USD, higher than the same period last year.
The Foreign Investment Agency (Ministry of Planning and Investment) said that many large projects in the fields of semiconductors, energy, electronic component manufacturing, and high value-added products have received new investment and capital expansion, contributing to making FDI attraction one of the bright spots of economic growth this year.
At Tho Loc Industrial Park, in the Southeast Economic Zone of Nghe An province, nearly 80 hectares of land and infrastructure are being urgently completed, to prepare to welcome foreign investors to set up factories next year. In the last days of the year, a project with a total investment of 590 million USD poured in here has helped Nghe An province achieve the target of nearly 1.7 billion USD of FDI capital this year, ranking among the leading localities in the country.
Immediately after receiving the investment registration certificate from the province, the foreign enterprise said it would expedite procedures to soon build a garment factory, creating a source of export products, creating jobs and economic growth for the locality. To date, Nghe An has attracted nearly 160 foreign direct investment projects. The goal is that by the end of next year, the total FDI capital poured into the province in the 2021-2025 period will exceed the 5 billion USD mark.
Mr. Teng Wei Hong – General Director of VSIP Nghe An Co., Ltd. said: “We see that Nghe An has implemented open and friendly policies and made efforts to improve infrastructure to create favorable conditions for investors.”
Good preparation of infrastructure, human resources and investment environment will create advantages for localities in attracting foreign investment.
“We continue to implement the motto of 5 readiness in improving the investment and business environment from preparing plans, as well as preparing investment sites, that is, industrial parks with infrastructure. The third is essential infrastructure; the fourth is the need to further strengthen the issue of ensuring human resources; the fifth is very important, always innovating to accompany and support investors in the best way”, said Mr. Le Tien Tri – Head of the Management Board of the Southeast Economic Zone of Nghe An province.
Mr. Nguyen Van Thi – Permanent Vice Chairman of Thanh Hoa Provincial People’s Committee said: “We implement synchronous solutions to support domestic and international investors to invest in Thanh Hoa. Issue institutions to resolve bottlenecks with land, investment environment, construction, and real estate”.
Building green standards, encouraging green manufacturing enterprises and preparing infrastructure and clean energy sources are considered tasks that need to be done soon so that Vietnam continues to be a promising destination for foreign investment in the long term.