Sharing at the Vietnam-Australia Bilateral Investment Forum organized by the Ministry of Planning and Investment (MPI) in collaboration with the Australian Embassy in Vietnam, the Australian Government Trade and Investment Agency (Austrade) in the afternoon of April 17, Australian investors said that in Vietnam they see many opportunities for investment and sustainable development.
Enterprises are willing to expand investment and aim for sustainable development
Mr. David John Whitehead, Chairman of Mavin Group said: "I came to Vietnam many times and in 2004 we met our partner and set the first step for that cooperation was to open a small feedmill in Hung Yen. Up to now, 5 large-scale and modern animal feedmills have been expanded; 1 food processing factory and 2,600 employees, products are present throughout the country". To do business successfully in Vietnam, David John Whitehead said that first of all, it is necessary to have a reliable partner, understand the market, competition and legal regulations and relations with the Government, localities and communities. "Investing in Vietnam is a great experience, Vietnam is a market with good growth potential, preferential investment environment, low production costs, strategic location and a strong digital economy. We are delighted to be a member of sustainable development in Vietnam," said David John Whitehead.
At the Vietnam-Australia Investment Forum
Mr. Filip Jankovic, Country Director of Linfox Vietnam said, "We are currently leading the way in warehousing and transportation solutions. In Vietnam, Linfox has invested a lot in supply chain stages such as investing in modern warehouses in Bac Ninh. Building large-scale distribution centers stretching from Bac Ninh, Quang Binh, Da Nang, Binh Duong to Cu Chi; has a cross-border transportation network to Laos...
"Linfox has been present in Vietnam since 2006, the company is always willing to expand investment and towards sustainable development. Accordingly, the goal that Linfox Vietnam pursues is professional investment, modernity, warehousing, investment in people. We see many opportunities to develop the logistics market in Vietnam. Because Vietnam is an important market and how to expand cooperation with local partners and have more presence, learn more about the market, find potential partners. We are eager to seek investment opportunities in Vietnam in the future", he said.
Australian businesses share and discuss value chains and investment environment in Vietnam.
Do vậy, để thành công ở Việt Nam trước hết doanh nghiệp Australia nói riêng và nhà đầu tư FDI nói chung cần xây dựng được niềm tin và thương hiệu. Hiểu và tuân thủ hệ thống pháp luật và các quy định tại Việt Nam và kỹ năng làm việc với các cơ quan, doanh nghiệp tại Việt Nam.
Professor Alec Cameron, Vice President of RMIT University, said that capacity building for domestic and foreign businesses is essential to the economy, helping businesses develop and build more sustainable and resilient supply chains. At the same time, the new workforce must have digital skills and employability as well as possess leadership skills and a high level of expertise. As technology is changing markets and jobs in many sectors, RMIT sees a great opportunity to contribute to global value chains. Therefore, to succeed in Vietnam, Australian businesses in particular and FDI investors in general need to build the trust and also the brand. Understand and comply with the legal system and regulations in Vietnam and skills in working with agencies and businesses in Vietnam.
Create favorable conditions for investors
At the forum, businesses and managers discussed the value chain and investment environment in Vietnam and Australia. In particular, discuss areas such as agrifood, education, logistics, renewable energy in the Vietnamese market and share information on investment opportunities, policies and procedures in Australia. In addition, representatives of the Australian Department of Home Affairs also informed about visa policies and human resources for foreign investors in Australia. As noted by businesses at the conference, they all recognized the favorable investment environment in Vietnam, opportunities for investment and expansion in the future and positive development directions. Along with that, pioneering Australian and Vietnamese enterprises have released a report with 8 recommendations to promote the business environment and strengthen bilateral cooperation between Vietnam and Australia. In particular, businesses recommend promoting trade opportunities in Vietnam to Australian businesses; Improve business knowledge and ability to cooperate with Vietnam; Establishment of a Transparency Center to support investment; Research opportunities to optimize visa policies for talent; Upskilling local talent... Pioneering businesses also shared about areas with potential for exploration and recommendations: Unlocking the power of the startup sector and new ecosystems and supporting new industries to develop...
Mr. Vu Van Chung, Deputy Director General of the Foreign Investment Agency (MPI) said that as of March 2023, Australian investors have 593 valid projects with a total registered capital of 1.99 billion USD, accounting for 0.4% of total registered FDI and ranking 20/143 countries and territories with investment in Vietnam, focusing on the fields of processing, manufacturing, accommodation and catering services, agriculture, forestry and fisheries.
According to Mr.Chung, FDI plays an important role in Vietnam's economy. In the coming time, Vietnam will continue to implement synchronous solutions, stabilize the macroeconomy, accelerate the disbursement of public investment capital to support growth and spillover impacts to other regions; support enterprises in tax, labor, solving difficulties and problems; continue institutional reform, improve the business investment environment. In the long term, renew thinking, raise and unify awareness and actions on foreign investment, improve policies and regimes on foreign investment; promote 3 strategic breakthroughs in institutions, infrastructure and human resources; promote development based on science and technology and innovation...
"Policies and regulations are aimed at international standards, demonstrating the comprehensiveness of the Government, investors, workers and society. Sustainable development investment and policies to attract FDI of Vietnam are all oriented towards the success of enterprises. Accordingly, in the spirit of cooperation, investors meet and exchange to have the best solution for the most successful cooperation in the spirit of win-win," Mr. Chung shared.
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that currently, Vietnam is implementing the National Strategy on Green Growth, promoting economic restructuring associated with renovating the growth model, sustainable development in terms of environment and social justice. Along with that, Vietnam encourages and prioritizes attracting quality foreign investment, promoting investment in science and technology, especially in the fields of high technology, innovation, green energy, renewable energy, finance, banking, healthcare, high-quality human resource training, etc infrastructure, healthcare, pharmaceuticals ... Accordingly, the potential and opportunities for cooperation between Vietnam and Australia in the coming time are huge.
Along with that, in terms of development cooperation (ODA), Australia is one of the donors with large non-refundable ODA support for Vietnam. According to the announcement of the Australian Embassy, in the period of 2022-2023, Australia has increased ODA capital for Vietnam by 18% from AUD 78.9 million to AUD 92.8 million. The Australian Government's ODA for Vietnam focuses on the following areas: Innovation; Support the development and effective use of a skilled workforce; Strengthen the economic empowerment of women, including ethnic minorities; responding to the COVID-19 pandemic; Facilitating and engaging the private sector in socio-economic development.
Deputy Minister Nguyen Thi Bich Ngoc affirmed that, as a general advisory agency on foreign investment and development assistance, the Ministry of Planning and Investment commits to always share, accompany and create favorable conditions for foreign investors; including Australian investors who conduct effective, sustainable and long-term business investment in Vietnam.
View original article: “Chúng tôi thấy được nhiều cơ hội đầu tư tại Việt Nam” - Báo Công an Nhân dân điện tử (cand.com.vn)