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?
Factors attract foreign direct investment
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
In the period, the city saw only 9.4 million tourist arrivals, including 1.3 million foreigners and 8.1 million Vietnamese people, year-on-year decreases of 69.3 percent and 50.9 percent, respectively. Total revenue from tourism products and services surpassed VND34 trillion (US$1.46 billion), down 49.6 percent against the same period last year. … [Read more...] about HCMC moves to attract more visitors
Two most valuable foreign players in Vietnam, according to football statistics site Transfersmakt, Senegalese striker Pape Omar Faye (Hanoi FC) and Brazilian winger Bruno Cantanhede (Viettel FC), both worth $450,000, haven't performed well. Cantanhede, after scoring a double for Viettel in March, hasn’t scored since. Omar only scored one goal in the first fixture, then commenced struggling with form and injuries. … [Read more...] about Foreign players dominate V. League 1 top scorer list
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