Illustrative image (Photo: baodautu.vn)Hanoi (VNA) – Vietnam is waiting
for major high-tech and future technology projects registered in 2024, as many foreign
big names in this field have expressed their interest in the domestic market.
A few days ago, China’s Hainan Drinda New
Energy Technology Co., Ltd. signed a memorandum of understanding on investing
in a solar panel factory project at the Hoang Mai II Industrial Park in the
central province of Nghe An, with investment capital of 450 million USD possibly
in the first phase.
The US’s Lam Research Corporation recently came
to Vietnam to seek investment opportunities. During a meeting with Prime Minister
Pham Minh Chinh, Vice President and head of Global Operations at Lam Research Karthik
Rammohan said that the corporation aims to expand its operations and diversify
its supply chain in Asia.
He shared a plan to cooperate with the
Republic of Korea’s Seojin company, which has factories located in Bac Ninh and
Bac Giang provinces, to develop a factory and supply chain for the
semiconductor industry, with an investment of 1-2 billion USD in the first
phase. Even after this phase, Lam Research plans to invest directly and
continue to expand operations in Vietnam.
Similarly, a joint venture between China’s
Huadian Corporation and Vietnam’s Minh Quang company officially announced its
plan to invest in a super project to produce green hydrogen in the central
province of Quang Tri, with a total capital of around 2.4 billion USD.
Appreciating Vietnam’s desire to attract investment
in advanced, new and future technology projects such as semiconductor,
artificial intelligence (AI), and green hydrogen, President of Vietnam’s
Association of Foreign-Invested Enterprises Nguyen Mai noted the
biggest obstacle is that Vietnam does not have adequate institutions, policies,
and mechanisms, and even the investment environment and administrative procedure
issues still have many problems.
Therefore, he proposed giving priority to
perfect institutions and laws, improving the internal strength, modernising
socio-economic infrastructure, and speeding up administrative reform.
According to the Foreign Investment Agency
under the Ministry of Planning and Investment, Vietnam attracted 6.17 billion
USD in foreign direct investment (FDI) in the first quarter of 2024, a
year-on-year rise of 13.4%.
Specifically, in the period, 644 new
projects with total registered capital of 4.77 billion USD were granted
investment certificates, up 23.4% in the number of projects, and 57.9% in value
year-on-year.
A total of 934.6 million USD was registered
to be added to 248 existing projects and 466.2 million USD earmarked for stake
purchase and capital contribution.
The disbursed foreign investment rose by
7.1% in the first quarter to reach 4.63 billion USD, a signal that the
disbursement will continue the positive trend, the agency said./.
