Over 100 international investment funds seek opportunities in Vietnam
The Invest ASEAN 2015 conference with the theme “Vietnam: The next global factory”, held in HCM City on May 25, attracted the participation of 100 representatives of investment funds with a total value of assets worth 5,000 billion USD.
Speaking at the conference, CEO of Maybank Kim Eng Group John Chong said that Vietnam has numerous opportunities for economic development due to its stable economy and ongoing reforms in key sectors.
Chong and other foreign investors participating in the conference were optimistic about Vietnam ’s economy, which is expected to increase by more than 6% this year.
The founding of the ASEAN Economic Community (AEC) at the end of this year would create a common market of ASEAN countries in which Vietnam ’s position as the region’s manufacturing hub will be further strengthened, CEO John Chong added.
The conference focused on briefing participants on investment opportunities in the ASEAN countries, including Vietnam.
Throughout the event, experts highlighted the fact that Vietnamese businesses need to improve competitiveness through improving the quality of products and services, which requires more capital and investment in technology and infrastructure.
According to Nguyen Thanh Long, Vice Chairman of the State Securities Commission of Vietnam (SSC), the event brought together a number of experts, policy-makers and businesses who gave valuable recommendations to help Vietnam seize the opportunities deriving from the upcoming regional integration.
The Vice Chairman of SSC also stressed the need to increase awareness of the AEC among the ASEAN member states, particularly entrepreneurs who need to acknowledge not only the opportunities but also their roles and responsibility in the integration process.
Vice Chairman Long confirmed that in the past five years, the Vietnam's stock market with its scale accounting for 32% of GDP has been the key capital channel of national economy.
Vietnam has advantages in terms of demographic, including a young workforce and improved education quality. The country has attracted to investments of multinational companies, such as like Samsung and Intel. Vietnam has had favourable conditions to become global factory, opening up opportunities for international businesses and investors.
Chong and other foreign investors participating in the conference were optimistic about Vietnam ’s economy, which is expected to increase by more than 6% this year.
The founding of the ASEAN Economic Community (AEC) at the end of this year would create a common market of ASEAN countries in which Vietnam ’s position as the region’s manufacturing hub will be further strengthened, CEO John Chong added.
Processing and manufacturing industry have attracted the largest investment in Vietnam
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Throughout the event, experts highlighted the fact that Vietnamese businesses need to improve competitiveness through improving the quality of products and services, which requires more capital and investment in technology and infrastructure.
According to Nguyen Thanh Long, Vice Chairman of the State Securities Commission of Vietnam (SSC), the event brought together a number of experts, policy-makers and businesses who gave valuable recommendations to help Vietnam seize the opportunities deriving from the upcoming regional integration.
The Vice Chairman of SSC also stressed the need to increase awareness of the AEC among the ASEAN member states, particularly entrepreneurs who need to acknowledge not only the opportunities but also their roles and responsibility in the integration process.
Vice Chairman Long confirmed that in the past five years, the Vietnam's stock market with its scale accounting for 32% of GDP has been the key capital channel of national economy.
Vietnam has advantages in terms of demographic, including a young workforce and improved education quality. The country has attracted to investments of multinational companies, such as like Samsung and Intel. Vietnam has had favourable conditions to become global factory, opening up opportunities for international businesses and investors.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years