The Department of Trade and Industry soft launched the “Make It Happen in the Philippines” campaign to invite foreigners to make the Philippines their next investment destination.

Under the campaign, the DTI highlights five priority sectors including electronics, automotive, aerospace, copper, and information technology and business process management. “Despite the setbacks and challenges brought about by the pandemic, the Philippines still remains a conducive place to do business. We are also considered one of the top emerging economies and countries for investments,” the trade chief Lopez commented. He also highlighted the Philippines young workforce which stood at 49 million workers, and producing 750,000 graduates every year.

Lopez added the Philippines’ wage rates are among the most stable in the region “As a manufacturing hub, the Philippines has one of the lowest wage levels for manufacturing workers and engineers. The annual wage increase of the Philippines is steady at 4.6 percent while Vietnam is at 7 percent. These are projected to be at the same level in 2020”.

The workforce in the Philippines is tech-savvy and will play a critical role in responding to challenges and opportunities in digital and interconnected economies at new normal.

The Department of Trade and Industry will formally launch the Make It Happen in the Philippines campaign nearly next month.

According to Trade chief the campaign will replace various corporate identities that are used by the country’s investment promotion agencies. “We are confident that our new Make it Happen in the Philippines campaign will promote our country’s ‘roll-up-your-sleeves’ and ‘make-it-work’ mindset. The attitude what makes the Philippines a unique and attractive investment landscape for strategic sectors in the ASEAN region for foreign investors,” he added.

Source: https://www.pna.gov.ph/articles/1119978