Green energy, semiconductors, healthcare and high-tech are among the sectors in which Vietnam attracts the most interest from foreign investors, according to VinaCapital Group.

Japanese investors have poured multi-billions of dollars into various business fields, from manufacturing and infrastructure development to retail and finance.

More than 150 international investors attended the Investor Conference 2023 hosted by VinaCapital Group on October 3 in Ho Chi Minh City.

Intel has spent USD 1.5 billion on a chip factory in Vietnam and will expand its investment in the near future.

Continuing to apply investment incentives to attract hi-tech foreign projects is necessary to help Vietnam attract large corporations.

The success of PM Pham Minh Chinh’s business trips to the US and Brazil will pave the way for new investment capital flow to Vietnam, especially in the fields of technology, innovation, semiconductors, energy, environment, and education and training.

The upgrade of the Vietnam-US bilateral relations to a Comprehensive Strategic Partnership has opened up strategic opportunities for Vietnam to lure more high-quality investment inflows in terms of innovation and high technology.

There were 38,379 valid foreign-invested projects in Vietnam with a total registered capital of 455.06 billion USD as of September 20, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September.

Vietnam welcomed US$20.21 billion in foreign direct investment (FDI) during the opening nine months of the year, representing a rise of 7.7% against the same period from last year, according to statistics released by the Foreign Investment Agency.

Lately, numerous major foreign corporations have been actively seeking investment and collaboration opportunities in Vietnam, such as Boeing, Walmart, and Central Retail.

Many US large corporations have invested billions of dollars in Vietnam as they have seen the strong development of the economy.

Many global tech giants have been pouring billions of US dollar into semiconductor chip production lines in Vietnam in an effort to get the lion’s share of the lucrative industry in the country.

Vietnam and the US are building new ties in high technology, innovation, and investment, with a deal on cooperation in the semiconductor industry clinched.

LEGO Manufacturing Vietnam Co. Ltd. has opened a recruitment office to seek thousands of workers for its factory in Binh Duong which is expected to start operations in early 2024, the province’s employment centre said on September 18.

The US is one of the most important export markets for Vietnam, and US enterprises are among the biggest investors in Vietnam.

Despite severe trade challenges, Viet Nam continues to be on the frontline to absorb quality foreign direct investment (FDI), noted HSBC in its report ASEAN Perspectives released on September 12.

US capital flow into Vietnam and US-Vietnam two-way import-export turnover have been increasing rapidly in the last 10 years. Vietnam’s export turnover to the US in the last two years exceeded $100 billion.

Many localities have already exceeded their targets in foreign investment capital for the whole year, thanks to large projects being registered and administrative improvements being made.

Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).