More and more foreign businesses want to invest in Vietnam

The report with the theme of Southeast Asia was conducted with more than 1,500 companies from the 6 largest economies in the world, including China, France, Germany, India, the UK and the US, showing that 21% of companies India is or intends to establish operations in Southeast Asia and plans to expand its business in Vietnam in the next 2 years. Besides, 26% of Chinese enterprises operating in Vietnam are also aiming to prioritize growth here.

HSBC’s report also shows that about 30% of companies surveyed think that a skilled workforce is the most attractive feature of the market for foreign businesses. Meanwhile, 27% of businesses polled said that the country’s optimistic economic prospects, competitive labor prices and resilience to overcome the Covid-19 epidemic were Vietnam’s advantages.

Specifically, 39% of Indian companies choose Vietnam because of its developed infrastructure and 49% because of the support from the Government and the legal environment; 36% of US companies said that the Vietnamese market attracts them because there are many opportunities to test and develop new products and solutions.

In particular, up to 49% of surveyed companies, mainly from China, India and the US, want to take advantage of the Vietnam – EU Free Trade Agreement (EVFTA) to strengthen and support their operations. their trade with the region.

In addition, HSBC’s report also shows that 33% of companies think they face sourcing challenges due to the impact of the pandemic when doing business in Vietnam. Cultural issues, including language and business restrictions, also concern businesses; 31% of companies consider this to be a special challenge for them in Vietnam.

In addition, about 31% of surveyed enterprises operating in Vietnam are worried that new regulations and rules on CO2 reduction may affect them. As a result, some companies feel the need to improve their staff’s sustainability knowledge, while 36% of companies say they have difficulty recruiting staff with the right skills. on sustainable development.

Tim Evans, General Director of HSBC Vietnam, said that Vietnam is a good example in successfully controlling the Covid-19 epidemic, quickly implementing a vaccine program, thereby moving towards recovery and reopening. economy. With solid fundamentals and its status as one of the most attractive investment destinations for international investors, Vietnam is now emerging as a manufacturing hub in the world, thanks to the preferential policies of the Government, especially in the signing of free trade agreements.

With solid fundamentals and its status as one of the most attractive investment destinations for international businesses, Vietnam is gradually emerging as a manufacturing hub of the world.

“Through the discussions of HSBC Vietnam with multinational corporate clients, we believe that the trend of more and more global businesses shifting investment to Vietnam is not temporary, but strategic. strategic and long-term”, said Mr. Tim Evans.

According to HSBC Vietnam, sustainable development and the transition to emission balance will create great opportunities after Vietnam announced ambitious commitments after COP26.

According to Ngoc Ha