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?
Global trends in renewable energy 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
Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Photo for illustration In January-July, the company produced and imported 142.47 billion kWh, up 2.09 percent against the same period last year, of which hydropower was 29.22 billion kWh (down 20.52 percent), coal thermal power 80.87 billion kWh (up 14.54 percent), gas turbines 22.4 billion kWh (down 15.36 percent), oil thermal power 1.03 billion kWh (up 33.11 percent), and renewable energy (wind power, solar power, and biomass power) 6.33 billion kWh. … [Read more...] about Nearly 20,000 rooftop solar power projects installed
The participants proposed measures to improve the quality and effectiveness of tourism activities in the province, such as renewing tourism products, strictly managing service prices, ensuring safety for tourists, preserving and promoting traditional tourism destinations, improving the traffic and investment environment, and promoting coordination activities between the city and domestic and international travel agencies. … [Read more...] about Businesses put forward measures for tourism development