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 Viet Nam could take advantage of new foreign investment strategies?
Encouraged foreign investment industries
In the context of the COVID-19 pandemic, Vietnam has been getting a lot of attention as it has managed to cage the outbreak with a sheer iron will, the article said. Vietnam is fast emerging as the preferred destination of multinational firms, it stressed, adding that the Southeast Asian nation is revving up its economic engine and has already restarted domestic tourism. The IMF forecasts that Vietnam is likely to post economic growth 2.7 percent in 2020, while the World Bank has pegged it at 4.9 percent - far greater than regional peers. “Vietnam finds itself in a sweet spot today. It has contained COVID-19, weathered most of the economic storm, and has the right ingredients to take full economic advantage of the post-pandemic scenario”, the article said. Foreign media also ran articles on the assessment of Vietnam’s success in containing the spread of the virus and working for its economic recovery. Axios.com said Vietnam was one of the first in the world … [Read more...] about Vietnam’s economy attractive to foreign investment: int’l media
Secretary of the Hanoi Party Committee Vuong Dinh Hue (standing) speaks at the meeting. Photo: hanoimoi.com.vn According to the municipal Department of Planning and Investment, the Hanoi People’s Committee plans to hand over licenses to 116 projects worth VND 339.67 trillion (USD 14.7 billion) in total, including VND 266.23 trillion of additional capital, at the conference. They include 33 projects on housing and urban development, 19 office building projects, 12 tourism and service projects, 32 industrial projects, and 12 cultural-social ones. … [Read more...] about Conference to help foster investment, development cooperation in Hanoi
Great opportunities for real estate firms to call for foreign capital Akihiko Iwatani, chief representative of Haseko Corporation in Hanoi, believes that Vietnam is the most attractive market in ASEAN for Japanese investors in particular and foreign investors in general. … [Read more...] about State Audit of VN notes high pay for foreign specialists in ODA projects
The investees account for 97.5 per cent of the fund’s portfolio. Top 10 holdings include Dong Hai Ben Tre JSC (DHC), Vinh Hoan Corporation (VHC), Nam Long Group (NLG), Power Construction JSC No 1 (PC1) and Taseco Air Services (AST). — VNS … [Read more...] about PXP Asset Management to sell investment funds