Investors from 5 continents come to Ho Chi Minh City to seek opportunities to invest in Vietnam

Mr. Don Lam - General Director of VinaCapital Group - supports Vietnamese enterprises in accessing long-term international capital flows.

Opening the 2024 investor conference, Mr. Don Lam - CEO of VinaCapital Group - shared: "The world has witnessed many changes in the past year. Geopolitical tensions have increased and the short-term global economic outlook remains uncertain. However, Vietnam's resilience, optimism and determination to move forward continue to provide international investors with many attractive opportunities."

Interested in green - clean investment, semiconductor chips

This year's conference attracted about 130 guests who are leaders of technology startups, industrial corporations and major financial institutions around the world.

According to Mr. Don Lam, the number of investors participating this year increased by about 20% compared to last year. Of which, about 2/3 are foreign indirect investment (FII) and 1/3 are foreign direct investment (FDI).

The discussion revolved around Vietnam's economic and stock market prospects, policies to promote future growth, domestic consumption trends, banking and real estate sectors, renewable energy and carbon credits... Foreign investors also explored opportunities related to artificial intelligence (AI), semiconductor chips...

Notably, the green and clean energy sector is receiving a lot of attention, especially from groups from Europe. For example, recently a foreign company expressed its desire to build a data center in Vietnam, with an investment capital of billions of USD. In addition to requiring a strong Internet, it also requires the use of clean electricity to increase competitiveness.

To meet this need, we can think of the Central region (solar energy), in about 3-6 months we will see if we can meet the demand.

To provide clear information to foreign investors, in addition to the support of senior executives from investment funds, the discussion sessions were also led by many executives and senior directors from many large companies in Vietnam.

Including leaders of FPT Smart Cloud, GHC Strategy & Communications, Cimigo, OCB, Nam Long Group, Gamuda Land, Validus, Quickom, Huize Holdings, Kido Group, Vinh Hoan Group...

Expert Alex Hambly shares the attractive points of Vietnam's economy.

Understand more about Vietnam's potential

During the event, economist Brook Taylor - author of the book "Vietnam: Asia's Rising Star" - expressed: "There are still many misunderstandings about Vietnam among foreigners. I hope to help them have a more correct view of the journey Vietnam has gone through, the present and the potential in the future."

Even some Vietnamese people themselves, who previously had many points of lack of confidence about the future ahead, "now have more faith in the prospects and opportunities opening up for the country."

Commenting on Vietnam's economic situation, expert Alex Hambly (over 30 years of global investment experience) said that in the short term, Vietnam possesses many advantages for growth and increased attractiveness.

First, GDP growth will continue to increase from 5.1% in 2023 to 6.5% in 2024 and 2025. It is forecasted that next year, although exports will decrease, total domestic retail sales will increase to compensate. " Vietnam's consumption story is very important, accounting for 60% of GDP and continuing to grow, forecast to reach 8% next year," said Mr. Alex.

Note that the above growth is contributed by the real estate market, high demand but low supply. When the State changes its policy, it will help restart the real estate market wheel.

In addition, the US Federal Reserve (FED) tends to lower interest rates. This creates conditions for the State Bank of Vietnam to lower interest rates, promoting favorable conditions for the real estate and stock markets.

In the long term, Mr. Alex Hambly believes that Vietnam's growth story comes from three basic and closely related drivers. These include: Industrialization supported by foreign direct investment - FDI, a rapidly expanding middle class (increasing income, urbanization and demographics), geopolitics, and a wave of production shifting to friendly countries.

Through the investor conference, together with the cooperation of domestic and foreign experts, long-term foreign capital has the opportunity to flow into Vietnam, promoting the development of Vietnamese enterprises, having resources to invest in modern technology equipment, expanding production and business, contributing to the economic development of the country.

Source: https://tuoitre.vn/nha-dau-tu-tu-5-chau-luc-ve-tp-hcm-tim-co-hoi-rot-von-vao-viet-nam-20241008175314961.htm