Many “American eagles” expressed their desire to
invest and expand into Vietnam
After the Covid-19 pandemic with
unremitting efforts, Vietnam has affirmed its capacity in all aspects with
other countries, especially the capability to fight against Covid and quick
return focus to business. Therefore, Vietnam is becoming an attractive investment
destination for global investors including American companies. With the stable
political situation, young and abundant human resources and commitment to
investment facilitation from the Vietnam Government, it has become a great
motivation for American investors to choose Vietnam as a safe and effective
investment destination to expand business and set up company in Vietnam.
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On the occasion of Vietnam Prime Minister
Pham Minh Chinh’s business trip to attend the Special Summit to celebrate the
45th anniversary of ASEAN- America relations, many big American enterprises
such as Intel, Apple and Google have shared their desire to expand the supply
chain, cooperate in technology and move production to Vietnam by coordinating
with Vietnamese enterprises that have suitable capability to participate. This
is also considered a great opportunity for Vietnam to interact with the world’s
leading advanced economy to improve its labor capacity and is a potential
market for workers to learn and demonstrate their abilities.
Specifically, Apple wants the Vietnamese
Government to continue to have preferential policies to encourage high-tech
American enterprises to develop business and invest in Vietnam. On the other
hand, Apple also affirmed that it will actively consider the Prime Minister’s
proposal on increasing the number of domestic suppliers and raising the rate of
using domestic services and goods higher in Apple products in the near future.
In addition, Intel also showed its
interest in the Vietnamese market by emphasizing the very important role of
Vietnam and Vietnamese factories in Intel’s production chain. Moreover, Intel
also highly appreciates Vietnam’s infrastructure and human resources as
potential conditions for technology enterprises to continue to expand their
operations. Especially in today’s volatile world, Intel’s expansion of
investment in Vietnam is a strategic solution.
Currently, Microsoft is working with
Vietnam’s Ministry of Information and Communications to deploy digital skills
programs both private and public sector, and data science development in
Vietnam. Accordingly, technology will help enhance transparency and trust,
prevent and fight corruption. Vietnam has a young population, a dynamic
country, ready to receive new technologies Microsoft wishes to strengthen
cooperation with Vietnam in the fields of digital transformation, ensuring
network security, helping Vietnam achieve the goal of reducing emissions to
zero by 2050 and contribute to helping Vietnam build a green economy, digital
economy, and sustainable development.
In addition, in order to attract foreign
investment, the Prime Minister emphasized that the “sincerity, trust and
responsibility” stance, “harmonious benefits, shared risks” between big
American and Vietnamese enterprises will help the relationship between the
parties is stable and good. In addition, to implement the commitments it has
joined, Vietnam is continuing to build and perfect institutions suitable to
Vietnam’s conditions and circumstances. Moreover, the development of strategic
infrastructure such as digital transformation infrastructure, transport
infrastructure, energy infrastructure, healthcare infrastructure… will also be
the focus of completion to attract foreign investors to establish company inVietnam.
Besides, Vietnam continues to improve the
open and stable business environment, and effectively handle administrative
procedures. In particular, digital transformation will help reduce direct
transactions, fight negativity, trouble, corruption, save time and costs for
people and businesses. Therefore, Vietnamese businesses need to innovate in
both capacity and organization to capture this opportunity well.
With highly professional staff and great
experience in business in Vietnam, ANT Lawyers – Law
firm in Vietnam would like to support you to establish company
in Vietnam.
