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?
Post brexit uk 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
According to the latest announcement by the UK government on July 3, “From July 10, 2020, unless they have visited or stopped in any other country or territory in the preceding 14 days, passengers arriving from the list of 54 countries and territories will not be required to self-isolate on arrival.” … [Read more...] about UK offers isolation exemption for 59 countries, including Vietnam
Mr. Le Huu Tho, chairman of Vietnam Tourism Association, said that regional connectivity between HCMC and the Mekong Delta should be implemented more drastically by local government, businesses and residents. The Mekong Delta in particular should pay more attention to developing human resources in the tourist industry to meet the region’s development requirements. … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery
Secretary of the municipal Party Committee Vuong Dinh Hue said the conference will take place at an important time as it will reflect Hanoi’s sense of responsibility towards the dual tasks of fighting against COVID-19 and boosting socio-economic development. … [Read more...] about Conference to help foster investment, development cooperation in Hanoi