HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Investors remain optimistic about Vietnam’s economy
Date: 9/4/2016 10:57:59 PM
Domestic and foreign investors are still keen on the Vietnamese market and have positive outlook about the country’s economy, according to a survey conducted by Grant Thornton Vietnam in the third quarter of 2016.
While there is a slight decrease of 6 percent from the previous survey, still 55 percent of respondents expressed their optimism about Vietnam’s economy.
Besides, 69 percent of businesses evaluated Vietnam as an attractive destination for investment activities and 91 percent of enterprises agreed on the positive growth prospect of Vietnam’s economy in the next 12 months.
There are a lot of factors to help Vietnam attract investment.
Firstly, the establishment of the ASEAN common market has also expanded the Vietnamese market.
Additionally, the foreign investment flow shifted from China to other Southeast Asian countries also benefits Vietnam.
Furthermore, a series of free trade pacts between Vietnam and foreign partners like the Republic of Korea, Japan, and the EU as well as the Trans-Pacific Partnership (TPP) agreement has made Vietnam become a bright spot in the regional investment map.
Vietnam is also attractive because of its abundant source of labour, low operational cost, diverse population structure and stable political environment.
The Government’s commitments to intensifying the fight against corruption and red tape, and to protecting the legitimate rights and interests of businesses to create a healthy investment environment is another reason for investors’ confidence.
The promulgation of Resolution No.35/2016/NQ-CP to support businesses, especially small- and medium-sized enterprises (SMEs) in 2016-2020, indicates that the Government is working to reinforce trust of investors to fuel economic growth.
Investors, however, are still concerned about corruption and bureaucracy as major barriers to Vietnam’s investment attraction. In addition, the slow restructuring of State-run companies, high rate of public debt, State budget deficit, and SMEs low competitiveness pose serious problems for Vietnam’s economic prospects.
State-owned enterprises become less attractive for investors, when in the previous survey, 46 percent of respondents selected State equitised firms as attractive destinations, but this time the rate was reduced to only 29 percent.
According to Grant Thornton Vietnam, global private investment foundations are showing special interest in the Southeast Asian country.
In early 2016, Warburg Pincus announced its plan to make inroads into the market. Meanwhile, Standard Chartered poured 28 million USD in the field of consumption and Navis injected money in the healthcare sector.
Retail, food-beverages, health and education continue to receive much attention from both domestic and foreign investors.
(Source:Vietnamnet news)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
