On 19th August, Richard R.Vuylsteke â€“ president of AmCham Hong Kong led a group including managers of top enterprises in textile, leather and financial service sectors coming to Vietnam to seek investment opportunities.
According to Vuylsteke, AmCham Hong Kong represented many large investors from different countries and regions, like the United State, Japan, Taiwan and China, etc. These organisations want to spread their investments in many locations to avoid risks. Hence, they want to diversify their investment locations and Vietnam is a potential destination.
That was the reason why AmCham Hong Kong came to Hanoi and Hochiminh city to talk to the local authorities as well as Vietnamese entrepreneurs to study the business environment and future opportunities, said Vuylsteke.
However, Vuylsteke stated that there are three big issues that Vietnam needs to take serious consideration to attract new wave of foreign investment. Firstly, Vietnam needs to prepare a large land area for industrial zones to build factories. Because when building a factory, enterprises want to have their partnersâ€™ factories to be near to reduce transportation time.
Other two issues are electricity and water supply resources. Large manufactories would need large power resource to complete orders on time. Besides, large enterprises often tends towards green economy so they would want to be assured about water resource as well as the wastewater treatment process, Vuylsteke explained.
The group of enterprises led by Vuylsteke coming to Vietnam, also expressed their concern over Vietnamâ€™s possibility to complete negotiations and join the Trans-Pacific Partnership (TPP). AmCham Hong Kong president confirmed that the United State is interested in Vietnamâ€™s entrance into TPP because of Vietnamâ€™s important geographical location together with population potential and economic growth.
In the last 3-4 years, the Vietnamâ€™s growth process has been slow down and the United State is waiting for the support from TPP to help Vietnamâ€™s economy turn back to right track to prepare for the next growth stage, said Vuylsteke.
Source: Lao Dong