Recently, many southern provinces and cities such as Ho Chi Minh City, Binh Duong, Long An, Dong Nai... have attracted many FDI (foreign invested capital) enterprises in the high-tech sector to "build nests".
Billion dollar investment
Ho Chi Minh City has leading technology brands such as Intel, Samsung... which have been investing billions of USD in the technology sector. semiconductor
Intel Products Vietnam Co., Ltd. has invested more than 1.5 billion USD in a chip manufacturing and testing factory in Ho Chi Minh City High-Tech Park (Thu Duc City). Intel's presence in Vietnam has contributed to attracting many investors in the semiconductor industry, promoting Vietnam's participation in the global semiconductor supply chain, the project creates more than 6,500 jobs. Samsung also invested heavily in Ho Chi Minh City with the Samsung Electronics HCMC CE Complex (SEHC) factory with a capital of up to 2 billion USD.
Recently, some semiconductor companies from the US, the Netherlands, and Japan have also started investing in Ho Chi Minh City. BE Semiconductor Industries NV (Netherlands) has been granted an investment certificate in the Ho Chi Minh City High-Tech Park with a capital of more than VND115 billion (equivalent to USD4.9 million) in the first phase to invest in renting factories and production. The company plans to put the project into operation in the first quarter of 2025.
In addition, many international and domestic enterprises are gradually investing in the semiconductor industry in Ho Chi Minh City such as Microchip Technology, Texas Instruments and Synopsys... These enterprises have plans to develop areas related to design, packaging and testing of microchips, and cooperate with universities and research centers to build human resources…
Binh Duong has impressive results in attracting FDI capital. Up to now, the province has attracted 4,354 FDI projects with a total capital of over 40.9 billion USD; ranking 3rd in the country, after Ho Chi Minh City and Hanoi. Mr. Hirohisa Fujiwara, Director of International Business Tokyu Corporation (Japan) said that the group invested in Binh Duong because of the province's great economic potential and transparent and effective investment environment. "The group will promote investment in the fields of semiconductor science and technology, trade, services, and the TOD model (transportation development associated with urban development and planning) that the province is prioritizing in the coming time," said Mr. Hirohisa Fujiwara.
Ms. Bonnie Tu - President of Giant Group (Taiwan) said that in the coming time, Giant Group will continue to expand production in Binh Duong. In addition to the factory with an investment capital of 60 million USD in VSIP 2-A Industrial Park, the group will invest in building another factory in VSIP 3 Industrial Park with capital of about 120 million USD.
Binh Duong province has just put into operation VSIP 3 Industrial Park. This is considered a new generation industrial park that has attracted the attention of many international investors, especially in the high-tech sector. Currently, there are more than 30 international companies interested in this industrial park with a total expected investment capital of up to 1.8 billion USD. Among them are Lego Group (Denmark) with a capital of 1.3 billion USD, Pandora Group (Denmark) invested 150 million USD.
Increase attractiveness
Mr. Tran Viet Ha, Deputy Head of the Management Board of Export Processing Zones and Industrial Parks of Ho Chi Minh City, said that Ho Chi Minh City continues to be an attractive destination for foreign investors, especially in the fields of processing and manufacturing industries. To catch this wave of investment, many domestic enterprises have quickly increased their scale and production capacity to have the opportunity to move deeper into the global supply chain.
Mr. Pham Trong Nhan - Director of the Department of Planning and Investment of Binh Duong province informed that in the period of 2020-2025, Binh Duong aims to attract 9 billion USD of FDI capital with the priority orientation of attracting investment in high technology application, using less labor and achieving high added value. The presence of large capital and technology corporations from other countries in Binh Duong has affirmed the attractiveness of FDI attraction of the province.
On November 21, speaking with Tien Phong reporter, Associate Professor Dr. Le Hoai Quoc, Chairman of the Ho Chi Minh City Automation Association said: “We are witnessing the movement of investors and large corporations from around the world to “set up their nests”. The attractiveness of Vietnam in general and Ho Chi Minh City in particular is the policies to attract and encourage foreign investors.
With the strong wave of FDI shifting, I think we need to quickly improve infrastructure, especially technical infrastructure, to develop towards industrialization. At the same time, we need to train high-quality human resources to meet the needs of FDI enterprises and develop domestic industry," said Mr. Quoc.
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