Vietnam is having what it takes to upsize its economy, outshining even Singapore, thanks to a raft of foreign investors queuing to get into the nation, a strong FDI drift and the ongoing trade tensions that promote the nation to be the new manufacturing hub.
If Vietnam wishes to draw in more quality foreign investment, particularly in the field of high tech, there definitely is the need for the nation to improve its institutional and legal reforms, say representatives of foreign business community
Because of the trend of shifting production from China to Vietnam and the expansion plan, the electronic manufacturing segment is predicted to increase in recruitment demand in 2019, including middle and high-level human resources.
Trade war is opportunity to revise business models with China as Vietnam needs to be more flexible in making strategies to take advantage of US-China trade war, according to Professor Tung Bui.
By September 20, 2018, foreign direct investment (FDI) disbursed $13.25 billion, up 6 per cent over the same period of 2017.
As of August 20, 2018, FDI projects disbursed $11.25 billion, up 9.2 per cent over the same period last year, according to a report just released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).
Despite the significant contribution of FDI to the growth of Vietnam's economy, there are still many opposing views from experts concerning about the over reliance of Vietnam on foreign enterprises.
Vietnam would experience strong GDP growth this year and next, as it continues to attract FDI inflows and expand their manufacturing base, according to the head of Asia research at Australia & New Zealand Banking Group Ltd.
Japan topped 96 countries and territories having investment projects in Vietnam, followed by South Korea and Singapore, according to report by Foreign Investment Agency
The real estate sector continued receiving robust interest from foreign investors by ranking first in the contribution to FDI registration with over $4.9 billion, in which the Smart city project in Hanoi accounted for the majority, according to Savills.
