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Foreign expert positive about FDI to Vietnam

6/1/21
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Vietnam has been successful in controlling COVID-19 in 2020 and is likely to keep the situation contained next year, said Joseph Incalcaterra, chief economist for ASEAN at the HSBC Global Research, on an article recently published on www.dailymirror.uk.

Incalcaterra said Vietnam together with Singapore are two Southeast Asian countries that will be able to keep the pandemic under control and smoothly roll out vaccines.

He praised Vietnam’s handling of the virus, and said its response to the pandemic allowed the country to maintain its reputation as a “very good destination” for foreign direct investment (FDI). The country has been seen as an alternative manufacturing hub for companies, given that FDI this year remains very resilient into Vietnam.

Overall, however, Southeast Asia may not benefit from a vaccine in the near future, given the logistical difficulties in rural parts of the region.

“We really don’t have great visibility on the short-term recovery, given how deep the damage is,” he added.

According to him, until the virus is under control, it is hard to see this investment engine regain its momentum. Meanwhile, ambitious infrastructure programmes pursued by countries to make the region a “reliable manufacturing production base” have been installed, which he said, is the biggest short-term hindrance to growth in Southeast Asia./.

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All comments [ 21 ]


The free Wind 12/1/21 21:37

Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs.

Voice of people 12/1/21 21:38

Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors.

Me Too! 12/1/21 21:39

We are doing so by vigorously renovating the business and investment climate, and by recognizing that the FDI sector is an integral part of the economy – essential to restructuring the economy and raising national competitiveness.

Socialist Society 12/1/21 21:39

Vietnam has become a destination of choice for foreign investors.

yobro yobro 12/1/21 21:40

Vietnam has been securing socio-political stability, and is known to be one of the most dynamic economies.

yobro yobro 12/1/21 21:41

It also has a favourable geographical location right at the heart of East Asia – home to a number of large and vibrant economies.

Gentle Moon 12/1/21 21:43

The country is a market economy, a member of the WTO, and a party to multiple frameworks for international economic integration, including free trade agreements with partners both within and outside the region.

Red Star 12/1/21 21:43

The Vietnamese government is committed to creating a fair and attractive business environment for foreign investors, and constantly improving its legal framework and institutions related to business and investment.

For A Peace World 12/1/21 21:44

The government has been working hard on restructuring the economy and its model for growth, as well as enhancing national competitiveness.

Vietnam Love 12/1/21 21:45

To add new chapters to this success story, the Vietnamese government is continuing to revitalize its business and investment climate.

John Smith 12/1/21 21:46

The government remains determined to fulfil its treaty obligations and promote the negotiation and conclusion of a new generation of free trade agreements.

Enda Thompson 12/1/21 21:47

Vietnam views the success of FDI enterprises as its own success.

Kevin Evans 12/1/21 21:51

As such, the government is committed to ensuring a stable socio-political environment, protecting the legitimate rights and interests of investors, and creating an enabling environment for FDI enterprises in the country.

Jacky Thomas 12/1/21 21:52

In the medium and long term, Vietnam will continue in its efforts to attract and efficiently use FDI inflows to advance socio-economic development.

Duncan 12/1/21 21:53

The country will target “high quality” FDI inflows, focusing on FDI projects that use advanced and environmentally friendly technologies, and use natural resources in a sustainable way.

Robinson Jones 12/1/21 21:55

It will also target projects with competitive products that could be part of the global production network and value chain.

Herewecome 12/1/21 21:55

International forecasts suggest that as the world economy recovers, FDI flows are returning to dynamic economies. Given the positive prospects for both global and regional economies, we are confident Vietnam will continue to find success in this area.

Allforcountry 12/1/21 21:57

Vietnam has garnered international praise for its swift and effective response to the COVID-19 outbreak.

Swift Hoodie 12/1/21 21:58

Although the country is not immune to the global economic downturn, its prospects for recovery remain positive and are the brightest among Asian countries.

Wilson Pit 12/1/21 21:59

With business activities resuming normal operations, Vietnam’s economy is set to regain its momentum

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