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

Don Lam, CEO of VinaCapital Group, supports Vietnamese businesses in accessing long-term international capital.

Opening the 2024 Investor Conference, Don Lam, CEO of VinaCapital Group, shared: "The world has witnessed many changes over 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 offer international investors many attractive opportunities."

Focus on green and clean investments, semiconductor chips.

This year's conference attracted approximately 130 guests, including leaders from technology startups, industrial corporations, and major financial institutions worldwide .

According to Don Lam, the number of investors participating this year increased by about 20% compared to last year. Of these, about two-thirds are foreign indirect investment (FII) and one-third are foreign direct investment (FDI).

The discussions revolved around the economic and stock market outlook, policies to promote future growth in Vietnam, domestic consumption trends, the 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 significant attention, especially from European investors. For example, a foreign company recently expressed interest in building a data center in Vietnam, with an investment of billions of USD. Besides requiring strong internet connectivity, they also demand access to clean electricity to enhance competitiveness.

To meet this demand, we could consider Central Vietnam (solar energy), and see if our side can meet the requirements in about 3-6 months.

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 large companies in Vietnam.

This includes leaders from FPT Smart Cloud, GHC Strategy & Communications, Cimigo, OCB, Nam Long Group, Gamuda Land, Validus, Quickom, Huize Holdings, Kido Group, Vinh Hoan Group, and others.

Expert Alex Hambly shares the attractive aspects of the Vietnamese economy.

Gaining a better understanding of Vietnam's potential.

During the event, economist Brook Taylor, author of the book "Vietnam: Asia's Rising Star," expressed: "There are still many misconceptions about Vietnam among foreigners. I hope to help them gain a more accurate understanding of Vietnam's journey so far, its present state, and its potential for the future."

Even some Vietnamese people who previously lacked confidence about the future now have more faith in the prospects and opportunities opening up for the country.

Commenting on the Vietnamese economy, expert Alex Hambly (with over 30 years of global investment experience) believes that in the short term, Vietnam possesses many advantages for growth and increased attractiveness.

First, GDP growth continues to increase from 5.1% in 2023 to 6.5% in 2024 and 2025. Forecasts indicate that although exports may decline next year, the increase in domestic retail sales will help offset this. " Vietnam's consumption story is crucial, accounting for 60% of GDP and continuing to grow, projected to reach 8% next year," Alex stated.

Note that this growth is driven by the real estate market, with high demand but low supply. When the government changes its policies, it will help restart the real estate market.

Furthermore, the US Federal Reserve's (FED) tendency to lower interest rates creates favorable conditions for the State Bank of Vietnam to lower interest rates, thereby boosting the real estate and stock markets.

In the long term, Alex Hambly believes that Vietnam's growth story stems from three fundamental and closely related drivers: industrialization supported by foreign direct investment (FDI), a rapidly expanding middle class (rising income, urbanization, and demographics), geopolitics, and the wave of manufacturing relocation to friendly countries.

Through investor conferences, and with the combined efforts of domestic and international experts, long-term foreign capital has the opportunity to flow into Vietnam, promoting the development of Vietnamese businesses, providing resources for investment in modern technology and equipment, expanding production and business, and contributing to the country's economic development.

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