Mr. Do Xuan Phuc, Overseas Vietnamese entrepreneur in Thailand:

Proud to show Vietnam to the world

Do Xuan Phuc, an Overseas Vietnamese entrepreneur in Thailand, praised Vietnam for the country's rapid growth during the 'Connecting overseas Thai businessmen with the locality' program from July 3-11.

The program, which was organized by the State Committee for Overseas Vietnamese, the Ministry of Foreign Affairs, and the Vietnamese Embassy in Thailand, took place in 6 provinces and cities of Vietnam: Da Nang, Quang Nam, Kien Giang (Phu Quoc), Ho Chi Minh City, Bac Giang and Hanoi.

Vietnam showing off to the world
Mr. Do Xuan Phuc, an overseas Vietnamese entrepreneur in Thailand, is the owner of Ps Spare Part Limited Partnership. (Photo: WVR)

Phu Quoc’s impressive development

Although he traveled to Lam Dong province in 2008 to invest in a golf course, Mr. Do was surprised by what Vietnam had to offer on his recent business trip.

When his plane landed at Da Nang International Airport on July 3, he was amazed to see that "in such a small city, there is such a bustling, clean and beautiful international terminal."

Phu Quoc, Kien Giang left the biggest impression on Mr. Do. More than 10 years ago, he learned about this island and found that although Phu Quoc possesses beautiful beaches, tourists only come here to enjoy the scenery, go swimming, and eat seafood.

However, during this trip, he noticed that Phu Quoc had changed rapidly. It seemed that the island had undergone a "revolution" in terms of infrastructure.

Mr. Do said: “This place has key transport infrastructure projects such as An Thoi international seaport, the North-South traffic axis, or the project to expand Phu Quoc international airport terminal and the trans-oceanic submarine cable route…

I think the traffic system on the island is developing very fast, and the routes to transport passengers from the mainland to the island by both air and sea are very convenient.

World famous brands such as InterContinental, Hyatt, Movenpick, Pullman, Novotel, JW Marriott, and Melia are all present in Phu Quoc. Not only does that prove the potential of this island's tourism sector, but it also establishes Phu Quoc’s position as a luxury beach destination.

In my opinion, Phu Quoc will be a very fast-growing city in the coming years.”

That is why Mr. Do is interested in industrial zones in Phu Quoc and plans to invest in some of them after his visit.

Vietnam’s growing economy

According to Do Xuan Phuc, his love for the homeland is sacred and irreplaceable.

He said: “My friends often ask, what is it about this country that makes me nostalgic and want to invest in it? And I would always confidently show off to them Vietnam’s success in economic development, poverty alleviation, and urban connection with remote rural areas."

Before the pandemic, Vietnam’s economy had made remarkable progress for 10 years in a row. The country’s economic growth was steady and higher than many countries in the region. This is something to be proud of, not only by the Government and the people, but also by those who are living and working abroad.

According to Mr.Do, the business investment environment in Vietnam has also changed dramatically.

He highlighted: “The determination to maintain the economic growth target, the application of investment policies, and the continuous improvement of the business environment in recent years have helped Vietnam integrate effectively and become more attractive to international investors.”

However, many overseas Vietnamese have yet to recognize Vietnam’s full potential.

In Thailand alone, there are about 1,000 overseas businesses. Many of them are very successful, operating in various fields such as agriculture, food processing, import and export, distribution of goods, logistics, services, construction, restaurants, hotels, etc.

Some overseas Vietnamese businesses have been expanding to the Vietnamese market. However, that number is still quite modest compared to other large Thai businesses and corporations.

That is why, in the near future, Mr. Do proposed that the Vietnamese Government and Vietnamese representative agencies in foreign countries should regularly organize events to promote Vietnam and connect Vietnamese domestic businesses with overseas Vietnamese businesses. This will help overseas Vietnamese further understand the potential of the business environment in Vietnam and encourage them to contribute to the development of their homeland.

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(Source: WVR)