Vietnam industry investor survey 2010 kick-started

The Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment officially launched the Vietnam Industry Investor Survey 2010 under the sponsorship of the United Nations Industrial Development Organization (UNIDO). The survey’s results will be the basis for the development of the Vietnam Investment Monitoring Platform which will be maintained and operated by the Foreign Investment Agency.

In the past years, Vietnam has made long strides in attracting foreign direct investment capital and foreign-led economic sector has actively contributed to propelling economic growth. To prepare for the new development stage, the country advocates continued encouragement and facilitation for robust private economic development, attraction of foreign modern, environment friendly technologies, and cooperation with domestic enterprises.

The survey is expected to provide policymakers with data for assessing the impact of the foreign-invested sector on Vietnam’s economic development by looking specifically at the impact of foreign investment on the development of domestic enterprises.

The survey will analyse the performance of these enterprises and their assessment of the local business climate and also help enhance the investment capacity of the national institutions in promoting investment and improving investment environment.

The Vietnam Industry Investor Survey 2010 will be conducted in nice cities and provinces in Vietnam where many foreign direct investment and domestic enterprises are located. The sample frame has a combined number of 1,644 manufacturing, utility and construction enterprises which have been randomly selected from totally 6,836 ones across Hanoi , Ha Phong, Vinh Phuc, Bac Ninh, Da Nang , Ho Chi Minh City, Dong Nai, Binh Duong, and Ba Ria- Vung Tau.

The survey findings will be consolidated in the web-based interactive “Vietnam Investment Monitoring Platform” and stakeholders, including enterprises will be able to make enquiries to better understand the characteristics of the investment environment in the country. This survey will be repeated in the future, allowing the construction of timeline database strings for the Government and related subject groups to use to support investment promotion and assess its effiency.

The replication of the second survey over the next two years with possibly broader focus on the other sectors of the economy with an aim at continuing to generate evidence to complement efforts made by the Ministry of Planning and Investment in designing efficient policy in investment attraction, enhancing the foreign investment sector’s contribution to the Vietnam’s economic development in a new stage of development.

Ms Nilguen Tas, UNIDO chief representative in Vietnam, informed that in addition to the Investment Monitoring Platform, the Foreign Investment Agency, the Vietnam Chamber of Commerce and Industry and UNIDO were collaborating to set up the Supplier and Partnership Exchange (SPX). SPX aims to strengthen the linkages between foreign and domestic companies in sectors such as metalworking, plastics and footwear where subcontracting through supporting industries having potential to play a major role.

The Industry Investor Survey data will be integrated with the SPX to support domestic enterprises in promoting and linking with foreign invested and large scale enterprises. In addition, SPX will offer participating enterprises to have access to a database that facilitates them in benchmarking their performance against industry averages.

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