Keyword: "foreign indirect investment"

Prime Minister Le Minh Hung said the Government has formulated a five-year socio-economic development programme in line with the Resolution of the 14th National Party Congress, together with an action programme for its implementation. On that basis, the Government draws up annual socio-economic development plans, setting growth targets and resource mobilisation goals.

Vietnam needs to develop a state investment fund to attract foreign indirect investment as an additional source of capital for economic development, said Chairman of the State Capital Investment Corporation (SCIC) Nguyen Chi Thanh as quoted by Dau tu (Investment) Newspaper.

Vietnam needs effective changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.

Platinum Victory Pte Co Ltd, a wholly-owned subsidiary of Singapore-based automotive group Jardine Cycle and Carriage, plans to buy three million shares of the Refrigeration Engineering Corporation (REE).

Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts said that Vietnam is still an attractive destination for foreign investors.

Finance Minister Dinh Tien Dung will chair an investment promotion conference slated for April 16-19 in Seoul, the Republic of Korea (RoK).

The Vietnam Dong (VND) is among the most stable currencies in Asia this year, said the US-based Bloomberg News, echoed by similar views from Vietnamese economists who were confident that the stability would remain until the year end thanks to the economy’s positive signs.