Vietnam Expecting Strong Capital Wave from Apple

Leaders of Ho Chi Minh City (HCMC), Binh Duong and Bac Ninh will create the most favorable conditions to invite and welcome Apple projects to be invested in Vietnam.

Ho Chi Minh City

Apple has proposed to build a database center serving Asia in Vietnam. The project has a total investment of approximately 1 billion USD. Presently, Apple is looking for place to put on the project construction headquarter.

According to Mr Nguyen Van Hung from HCMC’s Department of Planning and Investment, the leaders of the City have surveyed and contacted with Apple in the United States. The City always ready to welcome the high-tech projects.

Moreover, according to Mr Le Hoai Quoc from HCMC hi tech park, their management board has also actively contact with representatives of Apple in the previous year. The general view of the city as well as the management board is looking forward and welcoming the projects with high technological content. Therefore, the city has been very interested and willing to introduce to the Apple representatives about the preferred location for their investment projects. However, it seems they have chosen Hanoi.

Binh Duong

Similarly, in Binh Duong, Binh Duong People’s Committee also said that they are looking forward to welcome Apple’s projects to Binh Duong.

If their choice is Binh Duong, Apple will enjoy all the best preferential policies according to the criteria of high technology sector.

Binh Duong has favorable conditions, clear mechanisms and policies to attract investment with the most beautiful and modern infrastructure in the country.

In terms of location, Binh Duong is the HCMC’s gateway center. It is just 30 minutes driving from Tan Son Nhat airport to Binh Duong. All the conditions are not inferior to Bac Ninh and Bac Giang.

Binh Duong is the place that gathering most of the supporting technology manufacturing enterprises from Japan and South Korea. Hence, if Apple headquarter is located here, this province certainly can meet part of their business requirements. Binh Duong seems to be the only one area in Vietnam that develops high technology.

Bac Ninh

Bac Ninh is the province that is attracting a lot of high-tech projects, including Samsung as one of Apple’s major competitor.

This seems to be opportunities for both investors to compete with each other because everything is equal.

In addition to the general incentives policy of the Government, Bac Ninh is ready to offer their own incentive policies. In any case that the supporting was not enough, Bac Ninh will looking for further support.

In terms of the incentives policies for high-tech enterprises, Bac Ninh is currently leading the country, other provinces still have to learn from Bac Ninh to develop their policies. Moreover, Samsung and Nokia are still located in Bac Ninh therefore Apple will feel satisfy.