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 Vietnam could take advantage of new foreign investment strategies?
Foreign investment promotion board
If there is more trade from the EU to Vietnam, it is likely that the EVFTA will trigger a new wave of FDI from the EU into this country. Investments from the EU are of top quality. European FDI comes with high standards of corporate social responsibility for protecting and training workers and employees, as well as for respecting and protecting the environment. These spillover effects are essential for economies like Vietnam to avoid the middle-income trap. It allows Vietnam to promote economic growth, create better jobs at the same time while ensuring sustainable development. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
ASEAN has always been one of the important pillars in Vietnam’s foreign policy. A united, strong, prosperous and self-reliant ASEAN Community with high international role and position is our shared interest. This can only be reached if all of us “think community and act community”. Vietnam has been exerted efforts, together with other ASEAN members, to successfully implement this noble goal. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination
More than 95% of Vietnamese people hold some religious belief and more than 27% or 24.3 million people are religious followers. There are 53,000 religious dignitaries and 28,000 establishments of worship. These figures are evidence of the openness in Vietnam’s policies on ensuring freedom of religion and belief. … [Read more...] about Freedom of belief and religion respected in Vietnam