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?
Regionalism definition economics
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
"Every year's the same, whenever it rains, it floods. The water will recede in a few days. Every time it floods, the whole neighborhood has to take time off work, clothes and vehicles are damaged by the water too, which is costly," said Duong Tau Huong, 49, from Tra Vinh Province, who has worked in Saigon over the past four years. … [Read more...] about Saigon neighborhood still afloat days after heavy rains
The test kit was jointly researched and produced by the Vietnam Military Medical University and Viet A Technology Joint Stock Company. It was recognized by the World Health Organization (WHO) on April 26 and granted a CE certification and a Certificate of Free Sale from the UK, allowing them to be sold in the European market. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia August 9
As a result, Vietnam’s stock markets and others in the world have witnessed a rapid recovery after a sharp decline in March. Besides the participation of new cash flow, there is an expectation that the economy will recover quickly after the epidemic is contained. There were times the government sets a target of 5% GDP growth for 2020 before adjusting the figure to 3-4%. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence