Proper investment policy needed to attract high-quality FDI flows

At the seminar running with the theme of “Stronger investment partnership for a thriving Vietnam”, experts pointed out that Vietnam has been highlighted by the international community as one of the leading countries that has obtained major important achievements in relation to attracting foreign investment.

According to the Ministry of Planning and Investment, the nation has attracted US$446 billion in FDI by the end of April, of which nearly US$280 billion has been disbursed. Most notably, several leading multinational corporations are in the process of expanding their investment locally.

Upon addressing the event, Le Trong Minh, editor-in-chief of Dau Tu (Investment) Newspaper, emphasized that the event provided an ideal venue for both domestic and international experts to come together to evaluate the effectiveness of the FDI capital in the nation, achievements and lessons learnt in attracting FDI, as well as investment trends in the new context.

Philipp Munzinger, director of GIZ Energy Support Program (ESP), revealed that the country has impressed the international community over the years due to its fast economic growth and rapid expansion of renewable energy, along with its energy efficiency measures.

He underscored the importance of maintaining the growth momentum whilst simultaneously accelerating the energy transition in a fair and sustainable way moving forward.

Sharing this perspective, Furusawa Yasuyuki, general director of AEON Vietnam, pointed out that the country’s investment climate has undergone changes, but huge opportunities still outweigh the challenges.

Furusawa stressed that with rapid population growth, especially its fast growing middle class, the nation boasts great potential for economic development, with its growth rate being much higher than other Asian countries such as Japan.

He revealed that AEON Group has identified Vietnam as its second key market next to Japan in order to accelerate investment activities. 

Furthermore, he expressed his hope that that country will continue to simplify administrative procedures in order to facilitate Japanese investors’ operations in the country.

Bui Trung Kien, vice president of CME Solar Investment Company, said rooftop solar power has become one of the areas attracting plenty of attention from investors around the world in recent times, adding that the Vietnamese Government must create the optimal conditions possible for investors in this field.

Kien suggested that the Government fine-tune the legal regulations in order to protect the interests of investors whilst minimizing risks occurring in the investment process.