Less Risky to Invest in Vietnam, Economists

It will be less risky as long as foreign investors want to pour their cash in Vietnam’s capital and stock markets, tourism, realty and consumer service fields in the long-term, international financiers and economists said at an investment meeting held in Ho Chi Minh City April 8.

 

Vietnam’s economy boasts young population with the majority of middle class despite galloping inflation in Vietnam, compared with other Asian countries, they noted.

 

Bradley Lalonde, CEO of BVIM said Vietnam’s economy will grow 7 per cent this year and will not be negatively affected by soaring inflation.

 

Meanwhile, Adam McCarty, an economist of Mekong Economic Research Co said Vietnam’s economy is in the phase to take off. Vietnam now needs more incentive policies to improve underdeveloped transportation systems, to boost privatization of state-owned companies.

 

Asked about strikes in FDI enterprises, Nguyen The Hung, vice director of the Southern Region Investment under the Ministry of Planning and Investment said the government of Vietnam has just issued a new decree on ban of illegal strikes and removing cap on hiring foreign employees. (Securities Investment)