Investment bright spot in the region
Vietnam is one of the few countries that has grown in the context of the conflict between Russia and Ukraine, complicated developments, fuel prices, and inflation. Vietnam is considered an attractive destination for foreign investors and the wave of investment shifts and global supply chains.
According to a recent report by market researcher Fitch Solution, Vietnam ranks 5th out of 35 Asian countries in terms of economic openness, which is directly assessed in terms of import-export value and foreign direct investment. other than FDI. Specifically, in the first 7 months of 2022, FDI capital was estimated at 11.6 billion USD, up 10% over the same period last year, the highest level in the same period in the past 5 years.
CONNECTING VIETNAM - KOREA BUSINESSES
On October 27, 2022, under the cooperation between VCCI and Korean businesses, the event "VIETNAM - KOREA TRADE CONNECTION" was held at Nikko Hotel, Ho Chi Minh, this is where Vietnamese businesses and Korea connect to seek opportunities for business cooperation and investment with businesses in the South.
Coming to the event, Korean businesses are mainly industrial manufacturers such as KG AUTO (manufacturing automatic switches, warning lights, ...) manufacturing air purifiers with nano technology), and SAMJIN (manufacturing industrial valves), ... Korean businesses come to Vietnam to seek market development opportunities, invest in investment cooperation to expand production lines in Vietnam.
To strongly attract green foreign investment capital into Vietnam in general and Binh Duong province in particular in the coming time, last March, Binh Duong province started construction of the Vietnam - Singapore Industrial Park III, with an area of 1,000 hectares with a total investment of more than VND 6,400 billion. This industrial park has been built and invested in a greener, smarter, more sustainable direction, in line with the trend of the world and Vietnam.
These days, the trend of sustainable development, or green industry, is becoming clearer than ever in Vietnam. The industry is shifting, prioritizing investment capital in the field of manufacturing - high-tech and "cleaner" production. These are industries with high added value, such as manufacturing and assembling electronic equipment and components. In addition, the Government also introduced policies to encourage the investment and use of renewable energy and alternative energy, such as wind power and solar power.
Vietfil - a pioneer in the industrial air filtration industry in Vietnam. Vietfil always strives for sustainable development with the general development of high-tech industries in Vietnam. In 2022, Vietfil opened a factory in Thai Nguyen and obtained an export certificate to the US market.