During the regular press conference of the Government in April, held on May 4, Mr. Do Thanh Trung, Deputy Minister of Planning and Investment, answered questions about the recent visits of executives of several large foreign groups to Vietnam, and reports that they are investing in other countries. He stated that it is normal for businesses to invest in multiple countries, including Vietnam and others. Therefore, it is not unusual for them to visit Vietnam but invest in other countries.
Mr. Do Thanh Trung answers questions from the press
Mr. Trung explained that these investment decisions depend on several factors, primarily three main ones. Firstly, objective factors related to politics, economics, the world, the region, and shifts in supply chains between countries and globally.
Secondly, subjective factors related to investment strategy, investment and development goals, evaluation of the suitability of different locations and regions, and the resources and implementation capabilities of the investor.
Thirdly, Vietnam’s readiness to attract these corporations, which focuses on three areas: institutions, infrastructure, and human resources.
Regarding institutions, we have been improving policies and the investment climate, and are currently studying special incentive mechanisms for companies manufacturing technology and semiconductors.
Regarding infrastructure, this includes road, water, and air transportation, as well as infrastructure related to production services such as electricity. Recently, the eighth electricity plan was approved. High-tech zones are being established to create a superior environment and institutional framework for corporations and manufacturing conglomerates in Vietnam.
Regarding human resources, specific programs are being developed. In addition to relevant agencies, universities, and large corporations such as VNPT, CMC, and Viettel, a proposal to train 50,000 engineers for semiconductor chip production has been submitted.
“We have made every effort. A factor highly valued by the corporations is the government’s determination to pursue the development of the semiconductor chip industry, to truly establish and develop the industry, focusing on potential partners with strong commitments, especially the United States, South Korea, Japan, and Taiwan. We have recently achieved positive results. Recently, Samsung and the National Innovation Center organized an electronic design training course for over 250 engineers. With the efforts of the government and various agencies, the results will become more evident in the near future,” said Mr. Trung.
Earlier, the Minister and Head of the Government Office Tran Van Son reported that at the meeting, the government leaders, ministries, sectors, and localities unanimously agreed that the socio-economic situation in April continued to show positive changes, generally better than March and the first three months of the year. Overall, the first four months of 2024 achieved better results than the same period in 2023 in most sectors.
