Google, Schneider Electric signal tech investment interest in Vietnam
Vietnam has a robust talent pool, with one million information technology engineers and a well-developed education system in this field.
At the "High-Tech Investment in Vietnam - Taking Off in the Smart Era" roundtable held in Davos, Switzerland, on January 21, numerous foreign business representatives expressed a strong desire to expand investments in Vietnam across emerging sectors.
Their discussions with Vietnamese government officials and business leaders highlighted Vietnam's growing appeal as a tech hub.
FPT Chairman Truong Gia Binh emphasized Vietnam's advantageous position in the global science and technology landscape, rivaling only India. He pointed to Nvidia's recent decision to choose Vietnam as an investment destination, treating it as their second home. Mr. Binh also noted Vietnam's robust talent pool, with one million information technology engineers and a well-developed education system in this field.
Mr. Sanjay Gupta, Google's President for the Asia-Pacific region, pledged to bring the best of global technology to Vietnam. He highlighted Vietnam's unique and unparalleled potential to become a developed nation in the region, urging the Vietnamese government to strengthen internet connectivity and open data repositories to accelerate AI development.
The leader of Schneider Electric also voiced their desire to collaborate with Nvidia to develop data centers in Vietnam. He expressed optimism for significant advancements in Vietnam's infrastructure, including transportation, airports, and seaports.
On the Vietnamese side, Minister of Planning and Investment Nguyen Chi Dung reiterated Vietnam's commitment to reforming its investment environment and procedures to become a safe, efficient, and competitive destination within the region.
He cited an example of streamlined investment procedures for high-tech industries in industrial parks, which now require only registration by foreign investors, eliminating the previous 2-3 year wait for investment approvals and assessments. All necessary standards and regulations are now in place for subsequent management review.
