06/08/2010
Vietnam’s large and inexpensive workforce remains its largest attraction for foreign investors, although there is an increasing occurrence of foreign direct investment (FDI) projects aimed at tapping the country’s growing consumer market. There is still a large degree of state intervention in the economy, but the government has been gradually moving towards a market economy since 1986, with World Trade Organization (WTO) accession in 2007 being the greatest achievement so far. The country’s decrepit infrastructure continues to
be an impediment for many foreign investors, but we see this as a diminishing problem
because the government is investing heavily in new roads, railways and ports.
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