Microsoft

The country needs to well prepare for conditions to compete with its rivals in attracting foreign investment.

Given uncertainties surrounding the US – China relations and the serious Covid-19 situations globally, Vietnam has become a logical choice in the eyes of investors.

While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to Vietnam in the first eight months dropped 13.7% year-on-year to US$19.54 billion.

These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple.

FDI will play a key role for the expansion of Vietnam’s industrial buildings sector, as Vietnam emerges as a global manufacturing hub, stated Fitch Solutions.

The latest data center is expected to complete by the first quarter of 2021.

'Made in Vietnam' Pixel phones and Surface laptops from Google and Microsoft are expected to start shipping in the first half of 2020.