Investment Enviroment in Vietnam Considered Weak
According to the research, if Vietnam considers to develop and build up support industries, it might be able to continue attracting new investment and keeping its current investors. Thus, Vietnam would become just a good-consuming market for others unless it improved its investment environment and manufacturing conditions. One of instances is the investment withdrawal of Sony and Daihatsu. The manufacturers worry about their competitiveness in the market so that they can reduce the manufacturing cost by cutting off assessment costs. Currently, VN hasn’t have any support industries provider for businesses to rely on due to the slow development of supporting industries.
According to Vietnam Minister of Ministry of Industry and Trade, VN government approved a plan to develop the support industries until 2010 aiming at 5 important industries including mechanical design, auto assembly production, information technology, textile and shoes. But, according to some Japanese experts, a detailed planning has not been proposed. An example of that failure, VN can learn from Thailand. In Thailand, the industrialization was going on very impressive and Thailand attracted a huge amount of invested FDI. But it failed to process technology transfer, which caused many investors to divert their capital to other countries.
Vietnam is considered a best choice of Japanese investors to invest and transfer their technology. Vietnam should not lose its current opportunities and potential in technology transfer to meet all demands from the investors. Leading this movement, ITPC will organize an Industry Seminar in 18-19, Dec 08 in HCM at International Gallery and Exhibiition Center. It is expected to have the presence of 40 manufacturers and 40 purchasers.
