Prospects for attracting foreign direct investment (FDI) flows into Vietnam continue to be positive.
The above information is the opinion of large international associations and organizations such as HSBC, EuroCham, Standard Chartered... Besides quantity, the quality of projects is clearly improving thanks to the proactive strategy of selecting and inviting investors to focus on high-tech and energy industries.
The Block B - O Mon gas - power project chain is the largest project in the Vietnamese oil and gas industry and also a key national energy project, with a total investment of up to 12 billion USD. As soon as the project entered the overall implementation phase, with synchronized bidding packages, the Japanese investor increased technical personnel and specialized expertise to speed up the project implementation progress with the Vietnamese investor so that the first gas flow could be received in 2027.
Mr. Naoki Ishii - Director of Mitsui Vietnam Oil and Gas Exploration and Production Company expressed: "We are honored to participate in the project to ensure energy security and meaningful energy transition in Vietnam. This is a long-term investment project, requiring a large amount of capital and lasting. A stable legal framework plays a very important role in ensuring that our investment is not interrupted, helping participating partners ensure the right progress of implementation".
There are more and more projects of US, European and Japanese enterprises investing in new and expanding scale in low-emission energy production and high-tech industries in Vietnam. This has witnessed an increase in investment flows through capital contribution and share purchase. This also means that investors want to find domestic partners with real capacity.
Mr. Pham Xuan Phuc - General Director of Phu Quoc Petroleum Operating Company (PQPOC) said: "Vietnam Oil and Gas Group, general contractors, as well as the support of foreign partners participating in the project chain, apply the most advanced technologies, continuously innovate, research and apply digital transformation to project management and administration".
According to the Association European business In Vietnam, the synchronous implementation of policies FDI attraction High quality, greening in localities such as technology, value chains, tax incentives help investors confidently transform both digital and green, thereby forming green industrial zones in Vietnam. Some businesses believe that this year's revenue can increase by up to 40%.
Mr. Bruno Jaspaert - Chairman of the European Chamber of Commerce (EuroCham) in Vietnam commented: "I see many opportunities for European businesses when Vietnam accelerates the transition to green energy, sustainable energy sources and, more importantly, removes the mechanisms for projects. Thus, a large amount of capital from energy projects is quickly put into implementation, along with synchronous infrastructure, which will create great attraction for investors".
According to international organizations, strong policies on science and technology development, innovation, digital transformation, synchronization of key traffic routes, or building financial centers... are creating huge competitive advantages to help Vietnam improve its position in attracting FDI compared to many countries in the region.
Source
Comment (0)