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Great potential to attract investors in support industries (08/7)
08/07/2013 - 15 Lượt xem
What do you think about Vietnam’s potential to develop support industries?
I
think that Vietnamese support industries have great potential for
development and investment attraction just because Vietnam has a big
population of about 90 million including a young workforce, which offers
good opportunities for development of support industries.
Foreign
Direct Investment (FDI) in Vietnam has been fairly stable in recent
years, and the demand for components and accessories has increased
providing conditions for development of support industries.
What does Vietnam need to do to attract investment in the sector?
Firstly,
to develop support industries Vietnam needs to make its policies more
transparent in order to clarify top support industries for development
in the future and to set directions for investment in these sectors. The
Vietnamese Government also needs to enhance dialogue with business and
international communities to resolve their problems during their
investment in support industries.
Japan has strongly developed its support industries. What experiences could you share with Vietnam?
Japan’s
experiences show that most small and medium-sized enterprises (SMEs)
have invested in the sector. To encourage SMEs to invest in support
industries Vietnam needs to apply incentive policies including proper
financial solutions to meet the need of SMEs. However, it is also vital
to make policies simple and transparent to attract SME investors in
support industries.
Japanese businesses are very interested in Vietnamese support industries. What should be done to attract them?
Two
things should be done to boost Japanese investment in Vietnamese
support industries. Firstly, the governments of the two countries need
to boost cooperation in training human resources and job guidance for
Vietnamese workers. Secondly, the Vietnamese Government, ministries and
sectors need to enhance dialogue to apply sound policies to promote
Japanese investment in Vietnam. The more Japanese businesses invest in
Vietnam, the higher the demand for components and accessories will be.
As a result, many more Japanese businesses will invest in support
industries in Vietnam to meet the demand. Once these industries grow,
they will benefit both Japanese investors and the Vietnamese economy.
Source: VEN
Source: VEN
