Vietnam becomes attractive to foreign investors

CA - Significant changes over the past three years have made Vietnam become more attractive to not only tourists but also investors and businesses from all over the world, according to Research and Market.

In the July country report of the world’s leading market research company, it advised investors and businesses to invest or expand their business in Vietnam, a country that started its renewal process in 1986, became a market economy in the 2000s, and joined the World Trade Organisation in 2007.

The report provided information on the investment environment and an overview of foreign investments in Vietnam, and problems related to taxation and banking systems. It also mentioned licencing procedures, equitisation, liberalisation and related new laws on the telecommunications sector.