Favorable fundamentals have positioned Vietnam as a prime destination for foreign direct investment, even as it outperforms its ASEAN peers, HSBC said in its latest report titled “Vietnam at a glance: FDI - Back to the basics”.

The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, said Michael Kokalari, chief economist at investment fund VinaCapital.

The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, said Michael Kokalari, chief economist at investment fund VinaCapital.

Vietnam needs to develop appropriate policies to adapt to the global minimum tax and remain an attractive FDI destination, heard a seminar in Ho Chi Minh City on March 29.