Investment How to attract high-quality foreign direct investment By Tran Van Tho Sunday, Sep 13, 2020,14:28 (GMT+7) How to attract high-quality foreign direct investmentBy Tran Van Tho Vietnam should actively strategize which FDI to attract and lay the foundations, in terms of human resources and infrastructure, for hi-tech projects with signifcant multiplier eﬀects and benefcial impacts on its industrial profle transformation – PHOTO: LE MINH KHUE Industrialization requires high-quality foreign direct investment (FDI). Many issues must be addressed, including how to developed a skilled workforce. Industrialization and FDI in Vietnam Vietnam’s industrial profile, while better than in the past, remains limited and relies on processing and assembly, so intermediate products and components, especially those from China and Korea, must be imported. Many plants are being relocated from “the world’s factory” China to ASEAN and India due to the United States – China trade war and Covid-19. Vietnam should embrace these FDI inflows to boost supporting industrial products and, in so doing, tackle several issues—enhancing the industrial profile, slashing import and reducing reliance on China and Korea. The profile of countries investing in Vietnam shows that most of them are newly developed and located close to Vietnam. Advanced economies except Japan play a limited role…. Read full this story
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