TACHAN

Here are two case studies of successful Foreign Direct Investment (FDI) projects in the Vietnamese construction industry:

Samsung Electronics Complex in Thai Nguyen Province:

Samsung Electronics, a South Korean multinational conglomerate, invested heavily in a high-tech manufacturing complex in Thai Nguyen Province, Vietnam. The project, with a total investment of around $2 billion, aimed to produce electronic components and products, including smartphones and tablets. The complex, established in 2013, has contributed significantly to the development of the Vietnamese construction industry.

The Samsung Electronics Complex created numerous job opportunities, employed thousands of local workers, and enhanced the skillset of the Vietnamese workforce. It also facilitated technology transfer and knowledge sharing, as Samsung collaborated closely with local suppliers and subcontractors. The project not only boosted the construction sector but also had positive spillover effects on other industries, such as logistics and services, in the surrounding areas.

Nghi Son Refinery and Petrochemical Complex in Thanh Hoa Province:

The Nghi Son Refinery and Petrochemical Complex is a joint venture between Vietnam Oil and Gas Group (PetroVietnam), Kuwait Petroleum International, and a consortium of Japanese investors. With a total investment of approximately $9 billion, the project aimed to establish a modern refinery and petrochemical complex in Thanh Hoa Province.

The complex, completed in 2018, has played a crucial role in meeting Vietnam’s growing demand for petroleum products. It has enhanced the country’s energy security and reduced its reliance on imported fuels. The project created numerous job opportunities during the construction phase and continues to provide employment in the operation and maintenance of the complex.

Additionally, the Nghi Son project has contributed to the transfer of advanced technologies and expertise in the petrochemical industry to Vietnam. It has also fostered cooperation between local and foreign contractors and suppliers, further strengthening the domestic construction industry.

These case studies highlight the positive impact of FDI in the Vietnamese construction industry, promoting economic growth, employment, technology transfer, and the development of local capabilities.