Nick J. freewoman Senior Advisor, Mekong Capital Ltd., Ho Chi Minh City visit Professor, National Economics University Business School, Hanoi.
Paper prepared for the DfID shop on Globalisation and Poverty in Vietnam. Hanoi, 23-24th September 2002. 1
2
Foreign Direct Investment in Vietnam: An Overview1
Abstract: Vietnam has been remarkably in(predicate) over the last decennium or so in attracting substantial contrary direct investment (FDI) inflows. The external-invested sector is straightaway an important element of the corporate community in Vietnam, and an as important engine of economic growth for the country. The paper reviews Vietnams experience with FDI bodily function since first opening up to outside(prenominal) capital in the late 1980s. Weaknesses in the policy modelling pertaining to foreign investment may explain in representative why FDI inflows have not reinvigorated since the Asian pecuniary crisis. The paper identifies some policy options that might assist Vietnam in attracting greater FDI activity in the future, and thereby sustain its crossbreed record as a major recipient of foreign investment in East Asia.
Introduction.
Since first promulgating a (relatively liberal) foreign investment law in 1987, Vietnam has been very successful in attracting FDI inflows into this developing, transitional economy. Indeed, FDI has been an important part of the economic transition, business loosening and macro-economic growth story in Vietnam over the last decade or so. It is hard to envisage doi moi without the presence of FDI activity; an imported private sector for a country that only when had a fledgling private sector of its own at the beginning of the 1990s. By the end of the 1990s, although foreign-invested companies employed less than 1% of the integral workforce in Vietnam, they cumulatively accounted for around 27% of the countrys (non-oil) exports, 35% of the countrys total industrial output, they constituted almost...If you want to get a exuberant essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment