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During the 55th World Economic Forum in Davos, a round table was organized to examine the potential of Vietnam as an investment destination for advanced technologies. The event, held on January 21, brought together Vietnamese decision-makers and representatives of international technology giants, highlighting the opportunities and challenges the country presents in this digital era.
Vietnam was recently put in the spotlight at the 55th World Economic Forum (WEF) held in Davos, Switzerland. A crucial roundtable, titled “High-tech investment in Vietnam: Taking off in the smart era,” discussed opportunities and challenges regarding investments in cutting-edge technologies in Vietnam. The discussions brought together thought leaders, investors and government officials to explore the country’s potential as a technology center in the region.
Vietnam, a future technological hub
During this round table, Vietnam clearly affirmed its ambition to become a leader in advanced technologies. The event was organized by several key stakeholders, including the Ministry of Planning and Investment, in partnership with FPT Corporation and VinaCapital. Representatives of large international companies such as Google, City Group And Qualcomm were also present, reflecting the growing interest in the Vietnamese market.
The role of technology companies
Chairman and CEO of FPT Corporation Truong Gia Binh highlighted that Vietnam has evolved from a management mentality towards a more dynamic approach, promoting innovation and digital transformation. With an annual technology sector turnover of USD 2 billion and one million skilled workers, the country is well placed to attract new partners and investors.
Renowned companies such as Samsung And Intel are already present, highlighting Vietnam’s attractiveness in terms of innovation.
Investment opportunities and challenges
Foreign speakers highlighted the strategic location of Vietnam, which offers development opportunities not only in the technology sector, but also in areas like infrastructure and logistics. However, they also spoke of the need for institutional reforms to make the investment environment even more attractive. The Vietnamese government wants to focus on reforms such as improving inspection mechanisms to reduce project approval times.
Reforms for a favorable investment climate
Nguyen Chi Dung, Vietnamese Minister of Planning and Investment, detailed initiatives aimed at establishing Vietnam as a safe and efficient investment destination. He spoke of the creation of financial centers in Ho Chi Minh City and Da Nang, encouraging investors to contribute to this vision by providing their expertise.
Government commitment to innovation
Ho Chi Minh City Party Committee Secretary Nguyen Van Nen also expressed that technological development is essential to strengthen Vietnam’s economic competitiveness. The government’s commitment is manifested by a desire to support investments in projects linked to high technologies, and through incentives aimed at attracting high-quality talent.
Impressive sustainable growth
The minister also affirmed that the combination of political stability with sustainable economic growth are key elements that make Vietnam attractive to investors, especially in the technology sector. The government is committed to ensuring a conducive framework for investments, with a firm promise to respect its commitments.
Conclusion of the debate in Davos
The Davos dialogue will undoubtedly have been a prelude to future fruitful discussions on investments in cutting-edge technologies in Vietnam. Efforts to attract both domestic and international investment reinforce the idea that this country has the potential to be a major player in technological innovation in the ASEAN region. Indeed, moving forward, Vietnam will need to continue to cultivate relationships with global partners while modernizing its investment environment.
FAQs on high-tech investments in Vietnam
What was the main theme of the round table at the World Economic Forum? The round table focused on high-tech investments in Vietnam, titled “High-tech investment in Vietnam: taking off in the smart era”.
When did this event take place? The event was held on January 21 on the sidelines of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland.
Who were the main participants in the round table? Vietnamese officials and representatives of important Vietnamese groups like Viettel, VNPT, EVN, as well as international giants like Google, City Group, Schneider Electric And Qualcomm took part in the event.
What were the objectives announced by the president and CEO of FPT Corporation? He underlined Vietnam’s desire to achieve double-digit growth, focusing on the science, technology and theinnovation.
What is the annual turnover of the Vietnamese technology sector? The country generates an annual turnover of 2 billion USD in the technology sector.
How do global companies perceive Vietnam’s technological potential? Representatives of large companies like Google And Schneider Electric expressed confidence in Vietnam’s ability to become a ASEAN technology hub.
What priority sectors is Vietnam seeking to develop to attract foreign investment? Vietnam is particularly targeting the sectors of airports, of the seaports, and high technologies.
What measures are being put in place to improve the investment climate in Vietnam? The minister announced reforms that transform the investment climate to make it safe, efficient and competitive, by shortening project approval times.
What commitments has the Vietnamese government made to investors? The government is committed to supporting investors with incentives concerning investment and qualified human resources, while promising to keep your commitments.