Project "Massive" landing
A few days ago, the Lite-On Quang Ninh factory commenced construction in Quang Ninh. With capital... invest With a value of $690 million, this is one of the large-scale foreign direct investment (FDI) projects implemented recently.
Lite-On specializes in manufacturing electronic components for major global manufacturers such as IBM, Sony, Samsung, Lenovo, etc. The project is being built in the Song Khoai Industrial Park - Amata City, Ha Long (part of the Industrial Zone). economy (coastal area of Quang Ninh). This is the area identified as the "nucleus" and "new growth engine" of the western route and of Quang Ninh province.
Therefore, Quang Ninh places high expectations on the success of this project, especially as the province is determined to achieve a GRDP growth rate of over 14% this year. When the factory becomes operational (expected in November 2025), it will make a positive contribution to Quang Ninh's industrial production and exports.
“Lite-On’s decision to invest in Amata City Ha Long not only demonstrates confidence in Amata, but also strengthens Vietnam’s position as a key player in the global electronics supply chain,” said Shiro Sadoshima, Executive Advisor of AMATA Corporation PCL, on the day the project commenced construction.
Not only does Lite-On have faith in Vietnam, but many global giants are also planning large investments in the country. SCG is one example. In a recent meeting with Prime Minister Pham Minh Chinh , Mr. Kulachet Dharachandra, General Director of Long Son Petrochemical Company Limited, stated that the Long Son Petrochemical Complex Project (invested by SCG Group), with an investment of $5 billion, has been completed and is operational. Now, plans to invest an additional $400 million in the project are underway.
According to reports, during a meeting with Prime Minister Pham Minh Chinh, several other global giants also shared plans to continue investing billions of USD in Vietnam. Among them, Hyosung wants to invest an additional $1.5 billion to implement biotechnology and carbon fiber production projects in Ba Ria - Vung Tau; Warburg Pincus continues its large-scale investment in a project in Ho Tram, and is also investing in the construction of a connecting road from Long Thanh Airport to the Ho Tram project (Ba Ria - Vung Tau), with a total investment of approximately VND 17,300 billion…
Previously, Saigon Asset Management, after launching the SAM DigitalHub data center in Binh Duong, planned its initial fundraising for the Vietnam Data Center Fund, totaling $300 million... And we cannot fail to mention the multi-billion dollar investment plan for a large-scale semiconductor project by a technology giant. This plan has not been specifically announced, but it also shows the attractiveness of Vietnam as a destination.
"Vietnam has a stable and favorable investment environment for businesses "Development," said Mr. Bae In Han, General Director of Hyosung Dong Nai and Hyosung's highest-ranking representative in Vietnam, during a recent meeting with Prime Minister Pham Minh Chinh, while also mentioning the commitment to "set a 100-year future in Vietnam" that Hyosung Group leaders have repeatedly emphasized.
Promoting investment attraction in the new era.
The Ministry has scheduled two important investment conferences. Finance The two events, jointly organized on Friday (March 28th), are the Conference on Mobilizing Capital and Attracting Foreign Investment in the New Era: Opportunities and Challenges, and the Conference on Building a Financial Center in Vietnam.
These events are of great significance in the context of Vietnam's continued efforts to attract foreign investment, including both direct and indirect investment, especially investment in the formation, construction, and development of financial centers in Vietnam, in order to boost economic growth to 8% or more this year and achieve double-digit growth in the coming period.
Among the solutions proposed to promote growth and breakthrough growth, attracting foreign investment, especially in pioneering industrial sectors, and promoting the construction of international financial centers are top priorities.
In this context, the fact that global "giants" are making large-scale investment commitments is a positive development. However, the crucial question is, how can Vietnam attract more high-quality investment capital?
According to the information, at the conference on mobilizing capital and attracting foreign investment in the new era, representatives from the Ministry of Finance will share orientations for attracting foreign investment in the new era, and listen to investors' insights on global investment trends, challenges and opportunities, as well as solutions needed to welcome the new era of foreign investment.
In fact, over the past period, to attract high-quality investment capital, Vietnam has made great efforts to improve the investment and business environment, create favorable conditions for foreign investors, build special incentive mechanisms, establish an Investment Support Fund, and apply a "green channel" for large-scale projects in priority sectors... These timely policy responses have received the approval and high appreciation of investors.
However, there are still issues that need further reform. That is why, in meetings, representatives of foreign investors continue to put forward many policy recommendations. For example, in a recent meeting with Prime Minister Pham Minh Chinh, Mr. Bae In Han proposed establishing a one-stop mechanism to resolve difficulties and obstacles related to the legal framework as quickly as possible. He also mentioned recommendations regarding tax incentives and tax refunds…
The recent visit of a US business delegation to Vietnam also expressed their desire for Vietnam to continue reforming administrative procedures and shortening decision-making times. Investment incentives, particularly in sectors such as semiconductors and AI, including the development of international financial centers, have been repeatedly mentioned by investors.
Regarding this issue, Prime Minister Pham Minh Chinh pledged to create favorable conditions for foreign investors, while affirming that he would "not say no, not say it's difficult, and not say yes without doing it" when resolving investors' difficulties.
Policy messages will continue to be delivered at upcoming conferences. These messages will play a crucial role in helping Vietnam attract more large-scale projects and even more FDI in the new era.
Source: https://baoquangninh.vn/dat-ky-vong-vao-cac-du-an-fdi-quy-mo-lon-3350415.html
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