Vietnam becomes more attractive to foreign investors - Vietnam becomes more attractive to foreign investors - Website Ho Chi Minh City
Potential emerging markets like Vietnam have become more attractive to foreign investors, especially at a time when a financial bubble in many of the world’s developed economies is likely to occur.
To persuade overseas businesses to make long-term investments, Vietnam should relax its administrative formalities and take more drastic measures to deal with bad debts and equitise State-run enterprises, said Marc Faber, a finance expert, at the Vietnam Investment Forum in Ho Chi Minh City on June 19.
The event created a good chance for business players and mangers to discuss the hottest global economic issues as well as the development outlooks and investment opportunities in Vietnam .
Participants highlighted the Southeast Asian nation as an attractive destination to foreign investors thanks to its stable macro economy and potential for strong growth.
Deputy Minister of Planning and Investment Nguyen Chi Dung said Vietnam has been exerting enormous efforts to create a propitious and equal investment climate for foreign businesses to improve their operational efficiency.
As of April this year, Vietnam has lured 16,300 foreign direct investment (FDI) projects totalling 238 billion USD run by businesses from over 100 nations and territories.