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COVER STORY

SUSTAINED APPEAL

Though the pandemic forced many global companies to consider more
flexible supply and production chains, others have remained keen on
setting up or expanding in Vietnam.

KHANH CHI Reports

s the fourth wave of Covid-19 raged with huge opportunities on offer in the Another joint venture, between Vietracimex
around Vietnam, many major for- post-pandemic period. and Japan’s Marubeni Corporation, received
A eign investors, such as Nestlé, LG an investment certificate for the 1,050 MW
Display, Panasonic, and Tetra Pak, nonethe- ATTRACTIVENESS UNSPOILED O Mon II thermal power plant project in
less announced new investments or expan- Despite the Covid-19 crisis leading to the Mekong Delta’s Can Tho city, with
sion plans in the country, marking a bright declines in FDI project numbers and dis- capital of around $1.3 billion.
spot in the economic doom. As they clearly bursement this year, Vietnam still welcomed Most recently, South Korean semicon-
see Vietnam’s Covid-19 setbacks as only major projects in the billions of USD. ductor provider Amkor announced last
temporary, and despite an array of chal- Earlier in the year, a joint venture between month it would invest $1.6 billion in devel-
lenges to be met in the months to come, VinaCapital and South Korea’s GS Energy oping a manufacturing, testing, and assem-
multinational giants have expressed their received an investment certificate to build bly plant in northern Bac Ninh province.
solidarity with and maintained their con- a $3.1 billion LNG-to-power complex in Other foreign investors have poured addi-
fidence and long-term vision in the country, the Mekong Delta’s Long An province. tional funds into Vietnam this year, with

10 | VIETNAM ECONOMIC TIMES | DECEMBER 2021 www.en.vneconomy.vn