The strong flow of foreign direct investment (FDI) into Vietnam willcontinue in the 2015-2020 period as multinational groups are lining upto partner with the nation on a host of projects, radio The Voice ofVietnam (VOV) reported on March 6.
The forecast was made byleading economists and business professionals during a recent onlinediscussion by the newspaper Bizlive.
Vietnam Association ofForeign Invested Enterprises (VAFIE) President Nguyen Mai said that theglobal economic is recovering and successful businesses are scurrying tofind lucrative investments.
Vietnam is rated among the topinvestment destinations in the globe, largely thanks to its young,hardworking and large population, and solid economic growth rate,experts said.
Korea Trade-Investment Promotion Agency (KOTRA)Deputy Director Park Chang Eun said that multilateral groups focus onVietnam’s ability to assimilate modern technologies.
Besides, thecountry’s political stability and commitment to offer preferentialpolicies on the origin of products are strong points, he added.
Duringthe function, Nguyen Noi, Deputy head of the Foreign InvestmentDepartment under the Ministry of Planning and Investment, said thatdrastic measures to improve business environment will be undertaken.
Most notably are the simplification of customs formalities and streamlined procedures to establish businesses, he added.
Accordingto statistics, many multinational groups from the US, Japan andSingapore have invested in Vietnam with a focus on processing industry,manufacturing, hotel and real estate.
Experts also noted thatthe amended Land Law will come into force as of July 1, allowingforeigners and overseas Vietnamese to purchase homes in Vietnam.
The forecast was made byleading economists and business professionals during a recent onlinediscussion by the newspaper Bizlive.
Vietnam Association ofForeign Invested Enterprises (VAFIE) President Nguyen Mai said that theglobal economic is recovering and successful businesses are scurrying tofind lucrative investments.
Vietnam is rated among the topinvestment destinations in the globe, largely thanks to its young,hardworking and large population, and solid economic growth rate,experts said.
Korea Trade-Investment Promotion Agency (KOTRA)Deputy Director Park Chang Eun said that multilateral groups focus onVietnam’s ability to assimilate modern technologies.
Besides, thecountry’s political stability and commitment to offer preferentialpolicies on the origin of products are strong points, he added.
Duringthe function, Nguyen Noi, Deputy head of the Foreign InvestmentDepartment under the Ministry of Planning and Investment, said thatdrastic measures to improve business environment will be undertaken.
Most notably are the simplification of customs formalities and streamlined procedures to establish businesses, he added.
Accordingto statistics, many multinational groups from the US, Japan andSingapore have invested in Vietnam with a focus on processing industry,manufacturing, hotel and real estate.
Experts also noted thatthe amended Land Law will come into force as of July 1, allowingforeigners and overseas Vietnamese to purchase homes in Vietnam.
