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Viet Nam's political stability helps lure foreign investment

Viet Nam's political stability, administrative reform and its efforts in upgrading infrastructure facilities are the advantages which help attract foreign investors to the country, said George E. Kobrossy, General Director of Zamil Steel Viet Nam (ZSV).

In a recent interview with Ha Noi Moi newspaper, the ZSV General Director said Viet Nam has its own advantages, namely an abundant supply of labour and clever, industrious workers. Relevant Vietnamese agencies always maintain contact with businesses to listen to their demands and help resolve difficulties and obstacles for them, Kobrossy said.

He noted that by the end of this year ZSV will put its second factory in Viet Nam into operation in southern Dong Nai province.

With the two factories, the first already operational in Ha Noi, ZSV will increase its total capacity from 50,000 tonnes to 90,000 tonnes of pre-engineered steel buildings a year, he said, adding that his company plans to open some more sales offices in a number of provinces and cities in Viet Nam.

"After being in Viet Nam for more than 10 years, we can surely say that we were right to decide to invest into Viet Nam," Kobrossy affirmed./.(VNA)

 
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