Foreign expert positive about FDI to Vietnam
Hanoi (VNA) - 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./.