Vietnam has been integrating robustly into the global economy, with eight free trade agreements it has signed and the Trans Pacific Partnership (TPP) negotiation it concluded recently.
VPBank has asked shareholders to approve their plan to sell its stakes in several of its subsidiaries to foreign investors, an atypical opportunity for foreigners interested in entering the market.
Many foreign investors are now focusing on the property market in Vietnam, driven by its long-term investment potential and the country's drastic move in revamping its policies.
Vietnam welcomes foreign businesses’ stable and long-term investments and operations and considers their success as its own, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum.
Foreign investors are turning to Vietnam as a production base as part of their global business network thanks to the political stability, large population and innumerable investment opportunity.
Since the “Doi Moi” policy was initiated in Vietnam in 1986, the country has experienced a rapid economic boom and become a favourite destination of foreign investors, said a German news service.
An electronic portal called eRegulations, which aims to
facilitate international investors’ access to information related to
foreign investment procedures in Vietnam, was launched in Ho Chi
Minh City on July 2.
Foreign investors are seeking new investments in real estate projects in
Vietnam with attention on those at good locations in Hanoi and Ho Chi
Minh City, according to Saigon Giai phong newspaper.
The power sector has become increasingly attractive to foreign investors
with a large number of foreign-invested projects taking shape
nationwide, the Dau Tu (Investment) newspaper reported.
The stock market fell on both bourses on May 29 as foreign investors
continued to reduce their total net buy value by two thirds to 18.2
billion VND (842,000 USD).
Vietnam has numerous opportunities for economic development due to
its stable economy and ongoing reforms in key sectors, the CEO of
Maybank Kim Eng Group, John Chong, said at the Invest ASEAN 2015
conference in Ho Chi Minh City on May 25.
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