Investment forum looks at Vietnam opportunity

The event provided a golden opportunity for foreign and domestic experts, managers and enterprises to discuss issues relating to global financial economy, prospects for economic development, and investment opportunities in Vietnam.

According to world’s leading investment advisor Dr. Marc Faber, when the risk of financial bubbles in many developed economies is growing, investors tend to be keen on emerging markets like Vietnam.

 He also suggested that to attract investment and meet investors’ demand, Vietnam should promote transparency, simplify administrative procedures, effectively settle non-performing loans and accelerate the equitisation of state-owned enterprises (SOEs).

Experts stressed that in recent years emerging markets have played an important role in fuelling the global economy and proved their appeal to foreign investors.

Vietnam has also become an attractive destination for international capital flows due to its stable macro-economy and strong growth prospects.

Deputy Minister of Planning and Investment Nguyen Chi Dung emphasised that Vietnam not only offers new opportunities to foreign investors but also creates favourable conditions for them to do efficient and mutually beneficial business in the country.

As of April 2014, Vietnam has attracted 16,300 foreign direct investment (FDI) projects from over 100 countries and territories, with a total investment capitalisation of nearly US$238 billion. More than 100 multinational corporations are currently operating in Vietnam.

During the process of  economic development and international integration, Vietnam constantly improves its investment environment to attract both direct and indirect foreign investment, Dung told the participants.