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?
Chairman of HCMC People’s Committee Nguyen Thanh Phong said that the Covid-19 pandemic has resulted in unprecedented fall in the number of tourists and revenue. Specifically, the number of visitors to HCMC merely reached 9.4 million people in the first six months of 2020, a year on year decrease of 54.7 percent, revenue dropped 49.6 percent to VND34 trillion ($1.46 billion). Similarly the Mekong Delta reported a 50 percent fall in the number of visitors reaching only 13 million and a 53 percent drop in revenue approximating VND10 trillion ($430.22 million). … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery