Investment

Due to shortage of coal, Vietnam has to add more than 6,800MW of wind power into the national energy plan.

Vietnam still has attraction for investors in solar power projects, according to the latest white paper focusing on the development of solar PV.

Vietnam has strong fundamental drivers for foreign private equity interest and will continue to attract more investments even after the Covid pandemic is contained, Usman Akhtar, Bain & Company partner, told Hanoitimes.

Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure.

From a longer-term perspective, Vietnam will benefit as companies further accelerate moves to diversify their manufacturing operations away from China.

The combination of private investment in renewables, natural gas and grid infrastructure could meet much of Vietnam’s investment costs in next periods.

While Vietnam is making good progress in the implementation of SDGs, significant investments are needed.

“The EVFTA is a clear commitment for reliable trade based on transparent rules.”

The most obvious benefits of offshore investment include assisting domestic real estate businesses to diversify their portfolios, increasing cooperation opportunities with a broader business network, and seeking new investment potential.

Despite a decline, the rate for Vietnam is the highest in Southeast Asia and the third highest in Asia and Oceania, according to the JETRO survey.