Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Determinants of economic growth
If there is more trade from the EU to Vietnam, it is likely that the EVFTA will trigger a new wave of FDI from the EU into this country. Investments from the EU are of top quality. European FDI comes with high standards of corporate social responsibility for protecting and training workers and employees, as well as for respecting and protecting the environment. These spillover effects are essential for economies like Vietnam to avoid the middle-income trap. It allows Vietnam to promote economic growth, create better jobs at the same time while ensuring sustainable development. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
While the demand for credit for production activities is limited, the possibility of a surge in real estate roadshows is not high when the government suggests limited crowded events. In this context, the stock market, despite strong fluctuations in recent months, continues to be a potential investment channel. According to Bloomberg statistics, 139 out of 386 stocks have gained year-to-date, in which the stock prices of 83 ticker increased by more than 11% year-to-date. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence
Twenty-five years ago, Vietnam joined ASEAN. The image of the red flag with the yellow star in the centre of Vietnam flying alongside with the national flags of other ASEAN member countries in the Brunei sky on July 28, 1995 will be remembered as an important milestone for both Vietnam and ASEAN. A new journey started for Vietnam, bringing the country into a process of intensive and extensive international integration. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination