HANOI, Aug. 23 (Xinhua) -- Despite considerable changes in the global investment trend, Vietnam has drawn great interest from investors thanks to its improved infrastructure and investment environment, local media reported on Wednesday, citing experts.
Improvements in infrastructure development, administrative reform, and investment in innovation hubs in Vietnam are contributing to making the market more attractive to international investors, Vietnam News Agency reported, citing Troy Griffiths, deputy managing director of Savills Vietnam, a real estate service provider.
Vietnam has high demand as well as many prospects and advantages in the race to attract foreign direct investment (FDI) flows thanks mainly to political stability, geographical location and infrastructure, attractive incentives and high economic growth rates, rapidly increasing population size and improved quality of human resources, according to Nguyen Minh Phong, former head of Economic Research Department of the Hanoi Institute for Socio-Economic Development Studies.
In the immediate future, Vietnam needs to work on non-tax support solutions for FDI enterprises, to maintain the growth and its advantages, local newspaper Kinh te Viet Nam (Vietnam's Economy) reported, citing the expert.
The Southeast Asian country attracted an estimated foreign investment of more than 15.41 billion U.S. dollars in the first seven months of this year, down 7.1 percent year on year. In the same period, the disbursed FDI capital totaled 11.57 billion dollars, up 10.2 percent year on year, the highest seven-month figure recorded in the past five years, according to the General Statistics Office. ■