Investment in Vietnam - Whether 2018 Vietnam will continue to be an attractive
destination for foreign investors as the competition is getting fiercer?
Competitive labor costs
Representatives of Sam Sung Vietnam disclosed that after only
4-5 months, workers at Sam Sung factories in Vietnam had improved 80%
productivity compared to South Korean ones. Meanwhile, only with 20% was the
cost paid by Sam Sung for Vietnamese workers.
This continues to show that abundant, cheap labor is still
one of the advantages of attracting FDI in Vietnam in 2018 and following years.
Looking back at the picture of FDI attraction in 2017,
Vietnam saw a boom of investment capital inflows through contribution, share
purchase and the return of billion-dollar projects; Total foreign investment in
Vietnam, thereby, reached $35.88 billion, up 44.4% over the same period in
2016.
This result includes the project of increasing investment
capital of Sam Sung Display Bac Ninh up to $2.5 billion and gas pipeline
project, Lo B - O Mon with a total investment capital of about $1.27 billion in
Kien Giang.
The magnet attracts FDI
Recent survey results from PwC showed that about 47% of
foreign investors intended to increase their investment in Vietnam in 2018.
Ms. Dinh Thi Quynh Van, General Director of PwC Vietnam,
said: " Not only is Vietnam a good consumer market for its products with
young population but also a center for the export of the region thanks to the
advantages of political and macroeconomic stability, as well as the
Government's commitment to the business environment. In addition, the
divestment of state-owned enterprises is also a new opportunity to attract
foreign investors".
Previously, domestic and international experts also predicted
that, with the increasing position in the region and in the world, the
investment environment has seen positive changes, Vietnam will surely maintain
its growth momentum to at least 2020 and a "magnet" to attract FDI in
2018.
Currently we hold information of more than 5000 projects and 300 industrial parks calling investment in Vietnam. If you’re looking for the best reliable investment partner in Vietnam, look no further.
Contact us today: 043 202 0505! For additional information, please visit our website: fdi-vietnam.com.
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