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posted 3 years ago
As the country continues to forge ahead in its pursuit of growth, these policies remain key in facilitating a conducive environment for foreign investors, and achieving predictability in inward funding flows is essential for Vietnam to attract foreign flows.
Despite its efforts, Vietnam faces tough competition in attracting foreign investment and funding, as other regional countries also harbor the same ambition. In addition to expanding infrastructure, Vietnam must also prioritize the efficiency and maintenance of existing infrastructure, requiring ongoing investments in repairs, maintenance, and the adoption of new technologies to enhance performance.
Vietnam must enhance access to high-quality education and implement initiatives aimed at training and upskilling workers in industries projected to thrive in the future.
When facing the objective of achieving predictability in inward funding flows in Vietnam, foreign investors should consider the following preparations:
– Thoroughly research the regulatory environment
– Consult with legal and financial experts
– Conduct due diligence
– Establish relationships and partnerships
– Stay updated with changes in policies and regulations
Although Vietnam has experienced remarkable growth through activities such as basic assembly and the production of garments and shoes, the next phase of its growth trajectory hinges on high-tech manufacturing and other industries that offer greater value-add and service. This includes sectors like finance, tourism, and IT, which can contribute significantly to Vietnam’s overall development and economic diversification.
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Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn
Email: miller@hmlf.vn
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