Vietnam – safe destination for high-quality FDI: expert
Vietnam is considered a good land for high-quality foreign direct investment (FDI) influx in post-pandemic period, according to a foreign expert.
Rice for exports (Photo: VNA)Hanoi (VNA) – Vietnam is considered a good land for high-quality foreign direct investment (FDI) influx in post-pandemic period, according to a foreign expert.
Era Dabla-Norris, chief of the International Monetary Fund (IMF) delegation in charge of Vietnamese issues, said Prime Minister Nguyen Xuan Phuc’s decision to set up a special working group on FDI attraction to welcome the wave of shifting production to Vietnam after the pandemic was very praiseworthy.
It showed the Government’s thorough understanding of FDI’s importance and contribution to productivity and economic growth, she went on.
Vietnam’s efforts to improve the legal framework for FDI attraction could help the Southeast Asian country lure high-quality projects in the coming time, she believed.
According to the IMF expert, many large international corporations are seeking investment opportunities to diversify their supply chains.
Vietnam has emerged as one of the brightest candidates to welcome this capital flow thanks to its success in COVID-19 prevention and control.
In addition, the positive economic prospects after reopening, the large population size and the increasing number of people joining the middle class are also favourable factors helping Vietnam attract investment, she added./.
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
