China leads the number of new FDI projects in Vietnam
According to the Foreign Investment Agency, Ministry of Planning and Investment, 91 countries and territories invested in Vietnam in the first 7 months of 2024. In terms of quantity, China is the leading partner in the number of new investment projects in our country, accounting for 29.7%. Overall, China’s investment in Vietnam has increased by more than 7 times and become the 6th largest investor out of 146 investment partners of Vietnam.
According to economic experts, since 2019, in the context of the tense trade relations between China and the United States and the slowdown of China’s economic growth, Chinese investors have begun to seek opportunities in Vietnam. Statistics show that the investment capital flow from China to Vietnam increased sharply, from 2.92 billion USD in 2021 to 4.47 billion USD in 2023.
The trend of Chinese enterprises accelerating investment in Vietnam has shown signs of being much stronger since last year, when China abolished its Zero Covid policy.
Not only that, from focusing only on the manufacturing and processing of household wooden furniture, iron and steel, leather shoes, garments, food processing, plastic packaging, etc., the investment trend of this country is now shifting to high-tech industries, components, spare parts for industrial production, electronics, and automobiles.
(source: vtv.vn)
Viglacera quickly and sensitively approaches the investment wave from China
Always assessing China as a key market, in August 2024, Viglacera attended the investment promotion delegation of Thai Binh province to carry out activities to attract enterprises in Shenzhen and Shanghai (China).
During the working trip, in Shenzhen city, Guangdong province, Viglacera coordinated with Thai Binh province, the Consulate General of Vietnam in Guangzhou, China, the Shenzhen Trade and Service Association, and the Guangdong-Canada Trade Association to organize the Investment Promotion Conference.
The conference attracted the attention of more than 100 Chinese enterprises in Shenzhen
At the conference, Viglacera introduced the industrial parks that are being developed in Vietnam. Viglacera is known to be a leading industrial park developer with more than 25 years of experience. The industrial parks possess synchronous and modern technical and service infrastructure, meeting the strict requirements of leading electronics, high-tech, and semiconductor corporations such as Samsung, Amkor, Qisda, Foxconn, BYD, etc. Particularly from China, Viglacera has attracted more than 70 enterprises with a total investment capital of more than 3 billion USD.
Viglacera introduced Tien Hai Industrial Park at the Conference
In Thai Binh province, Viglacera is developing Tien Hai Industrial Park in Thai Binh Economic Zone, a special investment incentive area, enjoying the highest incentives according to Vietnamese law. The Industrial Park has a favorable location when it is adjacent to the coastal road, quickly moving to Hai Phong seaport, Cat Bi international airport; in the future, the Ninh Binh – Hai Phong expressway will pass through, opening up the possibility of continuous connection to other provinces and cities. In addition to convenient transportation, Tien Hai Industrial Park also has a great advantage in energy when it is located in the Tien Hai gas field area, specifically the CNG gas field with large reserves of up to hundreds of millions of cubic meters. In parallel, the Mine Gas Collection and Distribution System project in the Industrial Park is ready to supply natural gas to local enterprises and neighboring provinces. When investing here, investors also enjoy other mineral resources such as mineral water with large reserves that have been and are being exploited and used effectively. In addition, the province has abundant human resources with a population of about 2 million people, of which over 1 million are of working age.
At the end of the program, the delegation visited and worked at the Headquarters of Geely Auto Group, the 7th largest automobile manufacturing group in China, owning many European car brands that have a long history such as Volvo, Polestar, Lotus,…
The Provincial Party Secretary and delegates visited and worked at Geely Auto Company – a partner of Viglacera
