International groups eye high-tech investment opportunities in Vietnam
International groups eye high-tech investment opportunities in Vietnam
Vietnamese and international businesses gathered at a roundtable on January 21 in Davos, Switzerland to discuss high-tech investments in Vietnam.
The event was organised by Vietnam’s Ministry of Planning and Investment and Ministry of Foreign Affairs in coordination with FPT Corporation and VinaCapital at the World Economic Forum (WEF) Conference.
Vietnamese and international businesses gathered at a roundtable on January 21 in Davos. Photo: FPT |
The roundtable also had the participation of leaders of relevant ministries, and agencies, representatives of Vietnamese enterprises including BIDV, EVN, Sovico, Techcombank, Viettel, Vietnam Airlines, Vietcombank, VinaCapital, and VNPT, as well as Ericsson, Google, Hyundai Motor, Qualcomm, Schneider Electric, and Visa.
At the event, representatives discussed new opportunities and investment cooperation.
Opening the discussion, Truong Gia Binh, chairman of FPT, introduced the potential to attract investment in Vietnam thanks to its existing high-tech advantages and comprehensive support from the government with strategic plans in technology.
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Truong Gia Binh, chairman of FPT. Photo: FPT |
Truong Gia Binh, chairman of FPT said, “Vietnam has chosen technology, especially AI, semiconductors, and digital transformation, to drive double-digit growth.
“Vietnam has about one million IT engineers and half a million software developers, and Nvidia is ready to invest in Vietnam as a second home. That's why we are developing AI infrastructures with the launch of factories in Vietnam and Japan,” he added. “Vietnam also has an advantage in high-quality human resources through the introduction of AI and science, technology, engineering, and mathematics (STEM) into training courses at all levels, starting from primary school.”
With its technological capacity and experience, FPT believes that these five areas can create growth momentum to make FPT a world-class digital technology corporation with revenue of $5 billion from abroad by 2030, and an opportunity for Vietnam to stand on par with advanced countries.
Representatives of major foreign corporations asserted Vietnam’s great potential for developing technology, especially AI and energy. They also pledged to support Vietnam in building technology infrastructure and training workers.
In particular, Sanjay Gupta, president of Google's Asia-Pacific region, expressed his excitement about Vietnam’s AI future. According to Google's research, AI can contribute nearly $80 billion to Vietnam's GDP each year from now until 2030.
Addressing the discussion, Minister of Planning and Investment Nguyen Chi Dung said that Vietnam is making efforts to reform its investment environment to become a safe, effective, and competitive destination compared to other countries in the region.
In particular, Vietnam is considering adjusting the foreign investment rate in priority areas, including airports and seaports, to attract more capital for future infrastructure.
Regarding the international financial centre, Minister Dung said that the National Assembly has approved the policy and is currently building two centres in Ho Chi Minh City and Danang. He hopes that partners will participate in policymaking and sharing experiences, so that the implementation of the financial centres will be highly effective and better meet the needs of investors.
