Expanding investment from The Netherlands

March 01, 2023 | 09:30

(0) user say

Approximately $1.2 billion could be invested in Vietnam by the Dutch business community in the coming years, according to the Dutch Business Association Vietnam (DBAV).

“Most of the investment is coming from existing companies, but some are new to Vietnam”, said Guido Van Rooy, the group’s executive director.

“We want to come to Vietnam because our customers have a presence here. We have already provided some services and want to build a facility in Ho Chi Minh City,” said Henk Jan Jonge Poerink, senior vice president global operations of BESI.

Expanding investment from The Netherlands

A Dutch delegation met with Ho Chi Minh City's authorities on February 28

According to DBAV’s Orange Business Book, Climate Fund Managers plead to invest approximately $190 million to create energy from waste, treat and reuse wastewater, and supply clean water. Meanwhile, Damen Song Cam Shipyard is building plans to invest an additional $25 million in Haiphong City.

It is estimated that the total accumulated investment from the Netherlands to date is $5 billion.

The economic powerhouse of Ho Chi Minh City is considered a focal point for Dutch investment. The vast majority of DBAV's members hold offices in the city or the surrounding provinces.

“Dutch businesses have much expertise to offer in terms of electric vehicles (EVs) and EV charging. However, Ho Chi Minh City needs to provide policy support to make EV adoption feasible, such as a rapid build out of charging stations and offers of parking incentives, priority access to city centres, and toll-free transit for EV drivers”, said Phuc Nguyen, DBAV's vice chairman.

To create a favourable investment environment, he suggested extending visa exemptions to 30 days for citizens from all EU member countries, solving the issues of work permit applications and renewals for expats, and leveraging technology to enhance administrative procedures.

He also urged the city to invest in transportation infrastructure, improve air quality, and control the noise, all while incentivising environmentally friendly measures such as energy-efficient buildings, recycled packaging, and eco-friendly materials.

FrieslandCampina steadfast in nourishing a better planet

Dutch-backed FrieslandCampina is pursuing sustainable development as one of its key drivers to success in Vietnam, with its own sustainability strategy embracing four key priorities.

Netherlands to help Vietnam with smart city development

Vietnam is pushing on ambitious plans to develop smart cities towards green and sustainable growth with the assistance of the Netherlands, heard a seminar jointly held by the Ministry of Construction and the Dutch Embassy in Vietnam in Hanoi on March 29.

Dutch firms seek business and investment opportunities in Vietnam’s aviation

The Netherlands, the biggest EU investor in Vietnam, is seeking to venture further into the country’s burgeoning aviation sector to cash in on growing demands amid the upcoming enforcement of the landmark EU-Vietnam Free Trade Agreement.

By Hong Nhung

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional