Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.
VOV.VN - Singapore has risen to become the largest foreign investor in Vietnam this year, with total investment capital of US$9 billion, accounting for 31.5% of the overall.
The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.
The Embassy of Vietnam in Myanmar on December 17 hosted a webinar on “Foreign Investments in Myanmar in the Context of COVID-19 Pandemic”, bringing together officials from both countries.
Foreign investors have shown increasing interest in grade A offices in Hanoi, according to Savills Vietnam.
Having the third most vibrant startup ecosystem in Southeast Asia, Vietnam has been a promising land for foreign investors, according to Sergey Sinitsyn from the Moscow State Institute of International Relations.
A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.
A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.
Despite market gyrations, Southeast Asia and Vietnam especially remain on the radar of high-calibre foreign investors.
National electricity demand is expected to increase by 8.5% a year until 2025 and 7% until 2030, making Vietnam an attractive market for foreign energy investors.