In terms of attracting foreign investment into Vietnam, Quang Tri is also a province that attracts many FDI projects from foreign investors.
According to information from Quang Tri Provincial People’s Committee, in 2018, this locality issued decision on investment policy for 48 domestic investment projects with total capital of VND 6,325 billion, 28 projects were implemented with disbursement value of VND 2,900 billion.
Also in 2018, there are 14 valid FDI projects implemented in Quang Tri province with total registered capital of 46.65 million USD. The implemented investment capital in 2018 of FDI projects in this province reached 12.42 million USD (3.3 times higher than the result of 2017). Revenue of FDI projects in the province reached more than 42 million USD, export value reached 18.21 million USD.
Currently, Quang Tri province has 5 foreign investment projects (Laos) with total registered capital of 167 million USD. The enterprises of the province mainly operate in the field of transport and trade in Laos such as purchasing: wood, gypsum, lead, rubber, coffee, cassava, copper sheets, electronics, automobiles… and main export products such as: frozen milk pork, onion, garlic, all kinds of tires, air conditioners, construction materials, all kinds of instant noodles, general department stores. The electricity industry of Quang Tri province has also provided electricity for living and production for all border inhabitants of two Lao provinces: Salavan and Savannakhet, specifically: commercial electricity 4,855,930 KWh, increase by 20.03 % compared to the same period in 2017; electricity sales reach USD 424,893.87, increase by 27.3% over the same period.
Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.