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Vietnam Investment Forum 2014 held in Ho Chi Minh City

Mon, 23 Jun 2014. Last updated Thu, 18 Jun 2015 14:15

With the theme of “the rise of emerging market and opportunities for Vietnam?”, Vietnam Investment Forum has been held in Ho Chi Minh City on June 19th for foreign investors to boost investment in Vietnam.

Vietnam Investment Forum (VIF) is an event held annually for experts, managers and representatives of enterprises to meet and discuss issues of global economy and finance, as well as prospects for economic development and investment opportunities in Vietnam. According to Marc Faber, a leading financial expert in the world, when the risk of financial bubbles in many developed economies is growing, emerging market like Vietnam economy potentially becomes more and more attractive to investors. However, in order to increase attractiveness as well as be able to hold these funds for a long time and meet the expectations of investors, Vietnam is required to enhance transparency, reduce administrative procedures, simultaneously, intensify solving non-performing loans and equitization of State enterprises.

 

Press conference on Vietnam Investment Forum 2014

 

Experts have said that in recent years, emerging markets have become new motivation for global economic growth and have increasingly proved their attractiveness to international investors. It is reported that investment in emerging market brings higher expected rate of return because the economic growth rate is forecasted to be double and even triple that of developing countries. Not only being an emerging market, Vietnam market is becoming an attractive destinations international capital flows thanks to stable macroeconomics and strong growth potential. Mr. Nguyen Chi Dung, Deputy Minister of Plan and Investment has emphasized that Vietnam has been performing firm actions to create an investment environment open and equal for foreign investors. Especially, Vietnam also attempts to create favorable conditions for foreign businesses to operate effectively on the basis of legitimate benefits of parties.

 

Inside a factory of Samsung in Vietnam

 

As of April 2014, there are 16,300 projects of foreign direct investment from over 100 countries and territories, with a total investment of about $ 238 billion. It is reported that over 100 multinational corporations have made their appearance in Vietnam. Samsung Electronics Corporation has invested $ 2 billion project in Thai Nguyen Province for the manufacturing and assembly of electronic products. Bus Industrial Center from Russia has invested $ 1 billion in a project to build a bus assembly and spare parts production in Binh Dinh Province. Japan-based JGC Vietnam invested $ 9 billion oil refinery in Nghi Son Economic Zone in Thanh Hoa Province. During the process of economic development and international integration, Vietnam has constantly improved investment environment to attract foreign capital, both directly and indirectly.

In the framework of this year VIF, there are outstanding activities that appeal attention of domestic and international enterprises such as programs of connecting investment, sharing investment strategies in Vietnam market, and so on. 

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