In the past 2 days (May 5 – 6, 2022), FPT Digital and its multinational consulting partner co-organized the seminar “Improving investment attraction capacity” at FPT building.
Attending the seminar were experienced experts from multinational consulting groups along with nearly 100 delegates who are representatives of a number of departments and sectors of 6 provinces and cities. In particular, the seminar also welcomed the presence of Mr. Truong Gia Binh – Chairman of FPT Corporation.
FDI has always been one of the important factors in the economic development strategy of the country, an additional source of capital for development investment, contributing to GDP growth and state budget revenue, improving capacity competition of the country in general and provinces and cities in particular in socio-economic development.
However, in the context of limited capital supply and the heavy impact of the COVID-19 pandemic, countries have enlisted external resources to maintain and recover their economies. Therefore, competition in attracting FDI is increasingly fierce among developing countries with similar markets, development levels, technology and labor. To remain competitive in attracting high-value investments, Vietnam needs to rethink the Investment Promotion Agency (IPA) model, as well as train and improve investment attraction capacity. for full-time staff at both central and local levels.
Therefore, FPT Digital co-organized the seminar with the aim of helping the departments and sectors of the provinces and cities to increase their investment promotion capacity, including how to establish and improve the quality of the IPA, in order to attract more investors and retain investors who are multinational corporations to meet the development needs of the province. Besides, with the information exchanged during the seminar, the provinces and cities know what are the essential requirements for hiring employees for the investment promotion team in order to guarantee the finest resources and effectiveness.
During the two days of the seminar, delegates from 6 provinces and cities shared experiences from experts on the necessary skills in the journey to connect with investors such as defining the structure and successfully operating an investment promotion, negotiation and engagement skills to maintain relationships and retain investors. In particular, in the workshop, the delegates also practiced based on the actual situation of the provinces and cities and commented by experts, helping the delegates to have more useful information in the journey of building a successful investment promotion agency.
Vietnam is now becoming a prominent destination to attract investors because of many outstanding factors, with the 10th largest source of engineers in the world, and an information technology force of over 1 million people. Mr. Truong Gia Binh – Chairman of FPT Corporation also emphasized the importance of attracting investors: “Vietnam has become a promising destination for international investors, but the question is how to attract them to your locality. Therefore, we need to have a common plan, find out the strengths of the locality to be able to attract investors. We also need negotiation skills and a reasonable approach to persuading them. Importantly, each locality should have an organization specializing in attracting investment, because this is extremely important in the immediate and long term for the socio-economic development of each locality. With the partner’s rich experience in consulting and building IPAs, FPT and its partners can fully accompany to help Vietnam build and organize the appropriate IPA.” In which, FPT with their technology background will build a digital transformation roadmap for investment promotion work for IPAs, and partners will advise on the construction process and method.
Each locality has its own strengths that need to be developed and long-term orientation in the investment attraction strategy. The workshop is an opportunity for local delegates to re-assess the available potentials and areas for improvement in their localities, thereby improving their skills and giving a clearer orientation in developing and building setting up an investment promotion agency to attract foreign investment capital.
Let’s take a look at some pictures from the conference with FPT Digital.