Tomaso Andreatta, co-chairman, Vietnam Business Forum Today we are witnessing the great success of Vietnam in welcoming an ever-accelerating flow of foreign investment into the country. Thanks to this, Vietnam has caught up with other large ASEAN partners as a major exporter to the whole world and GDP has grown through foreign investments, technology and know-how, the salaries paid to the Vietnamese employees, taxes, and all the local products and services acquired by foreign-invested enterprises. In part to support their companies investing in Vietnam, Japan, South Korea, and other countries have extended ODA to build infrastructure beyond the usual level. The quality of FDI is continuously increasing, and now the first products to be exported from Vietnam are electronics, just as, a few years ago, garments, shoes and furniture overtook oil and food as the key exports. This has been made possible by a unique combination of the culture of the Vietnamese people, who are especially willing to learn and improve, are motivated and ambitious, and the government, which has ensured economic and social stability and friendship with all countries of the world over the three decades that passed since the approval of the first FDI law. It is time… Read full this story
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