Today
(8/11), APEC Enterprise Leadership Summit
(APEC CEO Summit 2017), gathering about 2,000 businesses of APEC member
economies, including many big names take part in opening. A new game in
investment cooperation between Vietnam and APEC member economies is about to
begin.
New
game
Before
the APEC CEO Summit 2017 took place, a question that made the public very
curious, what kind of "giants" will be present at this important
event?
Standing
Deputy Minister of Foreign Affairs Bui Thanh Son said that about 2,000 domestic
and foreign enterprises registered to participate in activities within the
framework of APEC Summit Week. More than 800 senior executive officers from
Asia-Pacific Corporations and Enterprises will join APEC CEO Summit 2017.
 |
| Manufacture of mobile phones at Samsung Thai Nguyen factory - an investor from APEC |
And
the face of "giants" to Vietnam has also appeared. From Elon Musk,
founder of Tesla Motors; Sheryl Sandberg - CEO of Facebook; Liam Mallon,
chairman of ExxonMobil Development Company to CEO Investment AIA Group Mark
Konyn and Vice President of Global Leverage - Walmart International, Scott
Price...
There
are also leaders of the world's leading brands, such as DHL, Johnson &
Johnson, FedEx Express ... and start-ups are changing the global game like
Rappler, OFO, Malong, Air BnB .. .
It
is not difficult to recognize, many of these are planning to invest and do
business in Vietnam. ExxonMobil, for example, is expecting a US$ 10 billion
project in Vietnam. Walmart plans to enter the Vietnamese retail market. FedEx
is the same...
After
event of the APEC CEO Summit 2017, it hopefully will have more cooperative
shake hands, bringing billion-dollar investments into Vietnam from APEC member
economies. A new game can start not only traditional investment fields such as
processing, manufacturing, real estate ... but also new areas to meet the flow
of the 4th industrial revolution. On November 6, just before event of the APEC
CEO Summit 2017, Chinese billionaire Jack Ma came to Vietnam and "blow a
new breath" into e-commerce market, online payment of Vietnam.
In
fact, when the APEC Year 2017 officially begins, as capacity of of a host country,
many economic experts said that this would be a "golden opportunity"
for Vietnam to continue to attract the investment of APEC members. That is
happening. In the past 10 months, APEC member economies have registered
investment of US$ 24 billion in Vietnam, accounting for 85% of total foreign
direct investment in Vietnam. After APEC 2017, it is forecasted that this
capital flow into Vietnam will be even bigger, because after APEC 2006 event,
Vietnam had had a big waves of investment into Vietnam.
Optimizing
APEC investment returns
Although
Vietnam officially joined APEC in 1998, it can be said that 30 years of
attracting FDI thanks to the presence of APEC member economies. Because most of
the founding members of APEC in November 1989, such as Japan, the United
States, Thailand, South Korea, Malaysia, Singapore ... are investment partners
in Vietnam in early stage when Vietnam officially opened to attract foreign direct
investment.
It
is the investors contributed to the first wave of FDI in Vietnam (1991-1995),
including the second wave of FDI (beginning in 2005), after Vietnam officially
became a member of APEC in 1998 and even the third one.
According
to data from the Foreign Investment Agency (Ministry of Planning and
Investment) to 20/10/2017, except Peru, Papua New Guinea has not invested in
Vietnam, the rest of APEC members have registered investment over US$ 246.3
billion, accounting for 78.6% of total FDI into Vietnam over the past 30 years
(about US$ 313 billion).
Noticeably,
according to statistics from the Foreign Investment Agency, the top ten foreign
investors in Vietnam, except for BritishVirginIslands - in the fifth position -
are the remaining nine are members of APEC such as Korea, Japan, Singapore,
China, the United States ... These are all important strategic investors in
Vietnam, with total investment capital of over US$ 237.5 billion, accounting
for over 96.5% of the total APEC, nearly 76% of total FDI into Vietnam.
Not
just the top in terms of capital, but according to the Foreign Investment
Agency (Ministry of Planning and Investment), many large-scale FDI projects of
APEC members have contributed significantly to socio-economic development of
Vietnam. For example, Samsung giants (South Korea), Intel (USA), Honda
(Japanese), Sembcorp (Singapore), Microsoft (USA),etc.
However,
after 30 years of FDI attraction, it is time for Vietnam to design a new
strategy in attracting FDI to optimize the benefits of this flow of capital. as
most of APEC's members are leading economies in technologically advanced and
modern management. Taking advantage of this opportunity, Vietnam will be easier
to set foot in the new global value chain.
Source: Investment Newspaper
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We are proud of being top five reliable company specializing in investment fields in Vietnam. Please contact us for inquiries via email : info@fdi-vietnam.com call us directly at + 04.32020505. Our official website: fdi-vietnam.com. Let us help your business in Vietnam.
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