Foreign businesses look to expand investment in Vietnam
Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.
Experts said that many foreign enterprises want to invest and expand investment in Vietnam partly thanks to the country’s strong increase – 10 places - in the recent rankings of the global competitiveness index (GCI). (Illustrative image. Source: VNA)
Hanoi (VNA) – Many foreignbusinesses have come to explore the investment opportunities in Vietnam recentlywith the intention of investing or expanding operation in the country,according to the Ministry of Industry and Trade.
Samsung – the biggest foreign investor inVietnam at present with total registered capital of over 17 billion USD – has askedVietnamese ministries and departments and authorities of Bac Ninh to facilitateinvestment procedures for Samsung Display Vietnam so that the country canexpand its complex in the northern province.
Similarly, a delegation of companies which arepartners of VinaCapital – which is managing total assets of over 3.3 billion USD– expressed hope to invest in Vietnam in numerous fields, including liquefiednatural gas (LNG), technology, tourism, consumption and real estate.
Meanwhile, the US Fitbit smartwatch and Tilehousehold electronics makers said they will move their factories from China toneighbouring countries, including Vietnam.
Japan’s Sharp, Kyocera, and other businesses arealso eyeing to open factories in Vietnam.
According to experts, that many foreignenterprises want to invest and expand investment in Vietnam can be partlyattributed to the country’s strong increase – 10 places - in the recentrankings of the global competitiveness index (GCI).
However, Vietnam should exert more efforts toimprove competitiveness as many countries in the regions such as Thailand andChina are offering new policies to attract investment, they said./.
Vietnam will work to maintain macro-economy’s stability and economic growth, while creating optimal conditions for businesses investing in the country, Prime Minister Nguyen Xuan Phuc has pledged.
More than 200 domestic and foreign businesses are expected to take part in an investment promotion seminar for the food processing industry in Ho Chi Minh City on November 14.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Experts said that many foreign enterprises want to invest and expand investment in Vietnam partly thanks to the country’s strong increase – 10 places - in the recent rankings of the global competitiveness index (GCI). (Illustrative image. Source: VNA) 
