Vietnam Remains Attractive for Foreign Investors: Research & Market
Major changes over the past three decades have made Vietnam become an attractive destination for tourists and investors worldwide, according to a report of Research and Markets Company.
The company explained that Vietnam’s renewal process since 1986, which is considered as the greatest transformation of the country from its reunification, makes foreign investors understand about Vietnam.
Vietnam's entry into the World Trade Organisation (WTO) in 2007 has helped facilitate the Southeast Asian country’s global integration, the company said in the report.
The company provides detailed information on key macroeconomic indicators and trends of foreign investment in Vietnam as well as taxation issues and banking system in the market.
It also supplies details on legal basis, forms of foreign investment, merger and acquisition, regulation and licensing in telecommunications, privatisation and liberalisation of the telecom market and the new telecommunications law.
Recently, U.K. newspaper, the Financial Times ranked the Southeast Asian country as a promising market for foreign investors thanks to its cheap and abundant labor costs and political stability.
Vietnam licensed 533 foreign-invested projects totaling $8.4 billion and allowed 137 existing projects to add their capital by $715 million between January and July. Foreign investors disbursed a total of $6.4 billion in the country during the period.
This year, the Southeast Asian country expects to attract $25 billion and disburse $11 billion in FDI this year, up 16.38% and 10% on-year, respectively. (VNA)
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