Viet Nam Attractive to Forein Investors

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VN attractive to foreign investors



Despite problems like high inflation and
exchange rate volatility, Viet Nam remains an attractive destination for
investors, Chainarong Limpkittisin, managing director of Thailand Reed
Tradex, a leading exhibition organiser in Southeast Asia, told Viet Nam
News on the sidelines of Metalex Thailand, an exhibition that was held
in Bangkok last month.

As an organiser of metalworking and manufacturing
technologies expos in Viet Nam for many years, how do you see the
potential of the market?

We are happy our exhibitors there enjoyed the business. Once they
enjoyed business means a lot of investors in Viet Nam invested more in
machines. It also means there are a lot of business opportunities there.
It is good for the country, good for the businesses that they can
employ more people.

We are very satisfied with the outcome that we had in Viet Nam this
year. This year we had two shows: the Viet Nam manufacturing expo in Ha
Noi in September, and Metalex Viet Nam in HCM City in October. These
were the biggest ever shows that we organised in Viet Nam.

What is your assessment of Viet Nam's support industry?

After the flooding in Thailand, investors are looking for new
investment destinations and some companies are looking to balance their
manufacturing locations.

The countries that they consider are Indonesia and Viet Nam.

I think Viet Nam has good potential but... needs to improve a lot in
terms of infrastructure including support industry to satisfy
requirements of businesses.

Some economic indicators like inflation and currency exchange also need to be managed.

Even though Viet Nam is facing some issues like that, I think [it] is still a very attractive destination for many investors.

When I talk to industrialists here, they are talking about Indonesia
and Viet Nam, they are [saying] we still need more support industries in
Viet Nam.

I believe that if your government supports the private sector to
invest more and more in support industries, you can get more orders
definitely.

What are your company's plans in Viet Nam in the coming years?

We will have one more show in Ha Noi called Worlddidac Viet Nam 2012. In addition, I am trying to look at other sectors also.

Viet Nam is very strong in the food sector, jewellery sector, and
some decorative items and also has a booming construction sector. So a
lot of profiles or sectors have good potential, but what we are
struggling a little bit with here is the infrastructure to support for
exhibition.

In Ha Noi we have a very small exhibition hall. It is not possible to
organise big shows there. If we organise small shows, the overall cost
per square metre is very high.

In HCM City it is a little bit better because it has a bigger
exhibition hall but I think in the near future there is still need to
build more halls. So in terms of infrastructure to have a good show
there, your government needs to help get a new venue or expand the
existing one.

Can you tell us a bit more about Worlddidac Viet Nam 2012?

It is an exhibition of educational materials and supplies for
schools, universities, and training institutions, with most participants
coming from overseas, especially Germany, the UK, Korea, Japan, and
Taiwan.

We are in the process of talking with the Worlddidac Association to
bring the show Viet Nam. If everything goes OK, the show will be in Ha
Noi in December.

I read a lot of newspapers saying the literacy rate among Vietnamese
is very high. You have over 97 per cent people who can read.

It is a fact that Vietnamese are very interested in improving
themselves through learning, through education. I think this profile
would be good for the country.