Improving attractiveness of Vietnamâs infrastructure needs 13:54 | 23/02/2021
Vietnam is estimated to need about $480 billion for infrastructure development through to 2030. Considering the sector has been mostly mobilising capital from official development assistance, there is an urgent need for Vietnam to consider attracting foreign private investment. Seth Tan, executive director of Infrastructure Asia, talked with VIRâs Bich Ngoc about ways to tackle this important task.
Vietnam is calling for capital to facilitate its infrastructure projects that will serve as the backbone of its development. Is the legal framework sufficient to accommodate investorsâ needs?
Seth Tan, executive director of Infrastructure Asia
In general, when countries move to the next stage of development, there can be instances that existing laws and regulations are updated in time. However, the government has done a good job in ensuring that the laws are up
Asia leads the global economy out of 2020’s record FDI inflow slump
By Bob Savic, Advisor to Dezan Shira & Associates
The world economy experienced a precipitous -42% decline in global foreign direct investment (FDI), last year, according to UNCTAD. This setback particularly impacted developed economies with a yearly slide of -68%, being the steepest on record, and leaving FDI inflows at a quarter century low of US$229 billion in 2020. Asia’s overall FDI declines were comparatively less pronounced, while in China’s case, FDI inflows were not only positive, but actually grew faster than in 2019. Suffice it to say, Asia is currently leading the global economy with FDI inflows either picking up, at the beginning of 2021, or demonstrating convincing signs of a significant rise from last year’s negative growth patterns.
Last year has seen significant moves in business activities among South Korean investors in Vietnam, with confidence remaining stable despite the pandemic. Hong Sun, vice chairman of the Korea Chamber of Business in Vietnam, delves into the year’s highlights and key trends for 2021.
Densely packed greenhouses in Da Lat city, capital of Lam Dong. The Plan targets reduction of greenhouse expansion through strict enforcement of regulatory and economic instruments and by promoting economically and ecologically viable land uses, such as agroforestry. Photo: Thanh Nien News
Lam Dong Province is the first in Viet Nam to adopt a green-growth action plan using the LUMENS framework developed by World Agroforestry (ICRAF)
Lam Dong Province in Viet Nam’s Central Highlands makes the transition to a ‘green’ or sustainable economy guided by a green-growth action plan, developed thanks to the support of the Viet Nam team of World Agroforestry (ICRAF).