Foreign investors offer positive outlook

by VTV401 October 2015 Last updated at 07:01 AM

(Photo credit: Bizlive)
(Photo credit: Bizlive) - About 800 delegates representing policy makers, business leaders, foreign investors and economists attended the Vietnam Global Business Forum yesterday in Hanoi.

According to experts, Vietnam will continue to be a leading investment destination compared with other regional countries. Of the 10 Vietnamese small and medium enterprises which have the revenue of less than $1 billion listed by Forbes Asia, three are in agriculture sector. All the three enterprises are subsidiaries of Saigon Securities Incorporated. Agricultural industry is considered the next investment trend.

Nguyen Duy Hung, Chairman of Saigon Securities Incorporated, said: "After the bad debt crisis, investors now are more cautious. They will look for the enterprises that really manufacture and produce things. A stable GDP and transparent legal framework are key factors to attract foreign investors".

Despite the volatility of the world economy, Vietnam continues to receive a stable flow of foreign direct investment.  Vietnam recorded FDI of over 17 billion USD the first 9 months of 2015, up 53% on-year. Positive GDP and inflation rates have also added to the optimism.

Vietnam currently has advantages compared to other countries in the region like Indonesia, Thailand. So I think Vietnam is now a bright destination in ASEAN.

The Eurozone crisis, experts believe, won’t affect capital flow as the free trade agreement with EU is set to be implemented.

Chairing many sessions of the forum, Minister of Planning and Investment Bui Quang Vinh pledged to reform its legal and administrative framework to meet its international commitments. He also stressed that foreign investors remain important long-term players in the country’s economy.

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