Partnerships streamline pathways for investors in Vietnam
a href https vir com vn search enginer html p search amp q Vietnam 20 Vietnam a continues to attract growing interest from international manufacturers with investment increasingly expanding beyond traditional manufacturing into technology high end manufacturing and other higher value sectors
Investor demand for more comprehensive support throughout the investment process in Vietnam has led to new partnerships. Ascentium Vietnam signed Memorandums of Understanding (MoUs) with Savills Vietnam and the Vietnam–China Business Council (VCBC) on September 2 in Ho Chi Minh City. The deal with Savills blends real estate expertise with corporate and professional services, while the VCBC partnership aims to strengthen connections with potential investors and explore business opportunities through their networks.
Together, these partnerships are part of a broader effort to create an integrated support system for companies entering or expanding in Vietnam.
Ascentium Group, which serves 60,000 corporations across 27 markets, has noticed a growing interest in technology and high-tech manufacturing in Vietnam, particularly in northern regions. The company's international business development and sales team actively promotes Vietnam to corporations in the US and China. Meanwhile, the local team supports foreign companies with payroll, accounting, tax, company registration, and administrative procedures to help them comply with local regulations.
Jack Nguyen, Ascentium Vietnam's general director, predicts that Vietnam's foreign direct investment (FDI) growth will be driven by higher-value industries like high-tech manufacturing, electronics, automotive, and semiconductors. To attract such investments, Vietnam needs to continue investing in infrastructure, developing industrial parks for foreign-invested enterprises, and improving tax and investment licensing policies.
The workforce's quality is also improving, with workers being trained to meet the demands of high-tech manufacturing.
Lennard Yong, Ascentium Group's CEO, emphasizes that the partnership with Savills is crucial for investors after they have identified the right location. This partnership helps investors navigate local procedures, establish a legal entity, obtain licenses, secure premises, recruit employees, and build administrative infrastructure.
Neil MacGregor, Savills Vietnam's CEO, notes that industrial real estate remains a key growth area, supported by sustained FDI flows into manufacturing and increased interest from institutional investors.
The VCBC partnership focuses on accessing one of Asia's largest pools of potential manufacturing investors. Ascentium already has a significant presence in China, including a Chinese-speaking sales team, which demonstrates the importance of regional partnerships in supporting Vietnam's investment potential.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
