Binh Duong - A destination in the capital market movement trend

According to experts, geopolitical tensions and monetary policy combination have been a deep concern for investors in the current period. Asian investors are stepping up investment in safe areas on the basis of promoting investment in technology and training people in the local area. In which Vietnam in general and Binh Duong in particular has been an attractive destination.

Delegates exchanged on the sidelines of the forum. Photo: Xuan Thi

Get technology, training as a foundation

Christopher Cheah, founder of Trust Capital Advisors Investment Management (Singapore), said that investors often push capital into markets with good macro and monetary policies. He gave a specific example like Australia in the past 3 years, although the economy, the world and Asian money markets have ups and downs, fluctuations but thanks to the stable operating policies of the macroeconomic pull. According to the interest rate at the stable banks, the money market does not fluctuate, leading to the attraction of investors to this country.

In addition to the macroeconomic policy on monetary, with the development and movement of current technology, experts believe that the market wants to develop, it is necessary to boost the demand stimulus right in the local area. In fact, the technology transfer from the development area to the developing region will not be possible to have stereotypes that need to be adjusted accordingly. A production area moving from Europe to Asia cannot afford to use robots, virtual reality technologies and smart devices that need adjustment ... In the process of adjustment, it creates new jobs, especially the trade - service segment and boosting consumption accordingly, stimulating consumption demand, promoting the development of local capital.

According to experts, in order to develop breakthrough in 2020, the important launch pad is the foundation from the advantage from 2019. Governments should pay attention to continue implementing solutions to well implement the annual plan. 2019 on macro policy, managing monetary policy, good interest rates, thereby creating solid "launchers" for the economy in 2020.

In Asia, especially countries such as Vietnam, Thailand ... it is necessary to promote human resource training to welcome investment capital moving from Europe. This investment will lead to technology, management level ... Countries and localities need to have a strategy to improve vocational education, especially the skills to adapt to the job and job position instead of the Rigid knowledge from the school.

Binh Duong - attractive destination

Mr. Richard Rekhy, member of the Board of Directors of KPMG (United Arab Emirates), assessed that the meeting on the movement of capital market in an era of instability gave very interesting ideas. on opportunities in Asia - an emerging market for Western investors. In particular, a field that is quite focused is the field of technology and infrastructure.

“We also mention countries that will be good investment markets such as Vietnam, Thailand ... which are attracting a lot of investors in the coming years. Emerging markets in Asia include Indonesia, Vietnam, and India. These are countries that investors will look to to implement their projects, ”said Mr. Richard Rekhy. He also emphasized that Southeast Asia will be a new economic development area in the global economy, including Vietnam, along with Thailand, Singapore, Malaysia and Indonesia.

“Along with the economic agreements signed with the 5 countries of China, Australia, New Zealand, South Korea and Japan, coming soon to India, I believe that this is the time that Asian countries will come. A new economic development is taking place. Developed from basic outsourcing industries to more modern ones such as artificial intelligence, blockchains, information technology, etc. industries that focus on knowledge and intelligence. This is also an important transformation transformation of the economic sector. The current economic growth not only takes into account the level of growth but also the quality of growth, along with the higher quality human resources. I really believe in the new economic growth of countries in Southeast Asia.

Commenting on Binh Duong, Mr. Richard Rekhy said that this is the second time he came to Binh Duong and was impressed with the infrastructure here and the organization of this international event. “I think this is the reason for us to put Binh Duong on the list of markets that need to expand investment in the world. This is a great place for investors to put their trust and business cooperation in ... ”, shared Mr. Richard Rekhy.

According to experts, the attraction of Binh Duong will be even stronger in the coming time when the province has just announced the World Trade Center (WTC) project in Binh Duong new city and signed a strategic cooperation agreement. World Trade Center Binh Duong New City (WTCBDNC).Dr. Frank-Jürgen Richter, Chairman of Horasis, thinks that WTC is a very strong brand all over the world. WTCBDNC will be one of the first brands in Vietnam, will be the place to bring important investments for Binh Duong.

Reported by Tieu My – Tri Dung – Translated by Vi Bao