Promotion seminar reveals Vietnam is the place for Danes to invest but the still-developing country provides many challenges including incomplete infrastructure and a shortage of skilled workers.
Participants at a Vietnam-Denmark business promotion seminar held in Hanoi on February 27 agree that Danish enterprises have numerous investment opportunities in Vietnam even though enterprises also face difficulties such as an incomplete infrastructure and a tough legal framework, as well as a shortage of skilled workers. Addressing the event, Danish Ambassador Peter Lysholt Hansen said: “Vietnam is undergoing a tremendous transformation. The country faces many challenges, but the overall picture is one of many opportunities. Vietnam is indeed the place to be today, in order to succeed in tomorrow’s global business.”
During the event Danish entrepreneurs already present in Vietnam introduced their strengths, namely infrastructure development, energy, agriculture, vocational training, tourism, mineral exploitation, vehicle production and engineering.
According to Hoang Van Dung, Deputy President of the Vietnam Chamber of Commerce and Industry, Vietnam has many opportunities for investors, as the country offers a stable political system as well as hard-working and intelligent human resources and abundant natural resources. Also the Government has a firm commitment to enterprises and low labor costs.
At present, Denmark has 31 investment projects in Vietnam with a combined capital investment of about US$174 million.
