BUILDING UP YOUR OWN DREAMS

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BUILDING UP YOUR OWN DREAMS

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After a long time effectively closing the door to foreign investors, VietNam has opened them again in recent years. The government has pursued an economic liberalization policy and introduced market - based reforms. Price controls in many areas have been scrapped, restriction on foreign investment have been loosened and so on. Let’s have a look at the factors of production that effect the decision making of “ Direct foreign investment may take place through either the acquisition of existing facilities or the new one (from the perspective of the host country like Viet Nam)”......

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  1. International Business Study BUILD ING UP YOUR OWN DREAMS After a long time effectively closing the door to foreign investors, VietNam has opened them again in recent years. The government has pursued an economic liberalization policy and introduced market - based reforms. Price controls in many areas have been scrapped, restriction on foreign investment have been loosened and so on. Let’s have a look at the factors of production that effect the decision making of “ Direct foreign investment may take place through either the acquisition of existing facilities or the new one (from the perspective of the host country like Viet Nam)” • Land: The S- shaped country, which has 330.930 square kilometers area of land and more than 3000 km length of the seashore, becomes more and more attractive. With a strategic location in the heart of South east Asia, Viet Nam’s long run prospects are too bright for many foreign investors to ignore. Investors can find a suitable place in hundred of the industrial zones with a reasonable cost. Thinking about building a large new factories or firms, expanding new offices, setting up new huge ware houses… Viet Nam ‘s land is available because of the existing out mode facilities as well as the lacking of new infrastructure investment • Labors: Young active Viet Nam’s labor force which are workaholic, easily trained and adapted quickly to new methods, technology. According to the Central Institute for Economic Management (CIEM): in 2001, the foreign investment sector alone provided jobs to 354.000 people, showing an increase of 20.000 against the year 2000. In general, Viet Namese workers have a relatively high education – attainment compared to that of other countries in the region; as much as almost 80% economically active people in the country finished their primary education or higher levels. Kieu Tram, Ngoc Thuy, Khanh Doan, Phuoc Vinh – ( KD0105)
  2. International Business Study • Capital One of the encouraging signs for FDI in Viet Nam is the large capital increase for business, and production expansion on a large scale. The value of the Viet Nam dong is still lower than the value of money from some home countries. The state bank of Viet Nam continues to use monetary instruments and adjust the credits and exchange rate regimes to make them more flexible and responsive to market signals with an aim to attaining monetary stability and at the same time, contributing to the acceleration of economic growth. • Technology Forming an agricultural - based country; Viet Nam keep going on the way to development. In general, technology in Viet Nam is too old to reuse. Innovation occurs when Viet Nam takes part in many international organizations. The efforts are expected to help Vietnam score positive achievements in FDI attraction. We still hunger modern techniques, scientific skill, high tech applications and so on. All above those things are our recommendation to the choice “Building new facilities – Building up your own dreams” to any foreign investors whenever they want to set foot on the Vietnam market. Because of: - The fact that the existing out mode facilities as well as the lacking of new infrastructure investment - It’s easily to employ talented Vietnamese workers and to train them for the need of the business activities with the reasonable cost - Receiving the warm welcoming from the Government: reducing tax, lowering the price of rent expense, simplifying the procedures in business, many clearly listed projects for investment… - Be active in building facilities; be active in contributing to efficient operations. You will get more than what you give: insuring security information, an ideal organization, and understand thoroughly the meaning of FREEDOM. Don’t dare to building new facilities in our country. We really need your support and so do you. Choosing Vietnam is your smart choice! Kieu Tram, Ngoc Thuy, Khanh Doan, Phuoc Vinh – ( KD0105)
  3. International Business Study Friendly Viet Nam, where birds land on good earth. Kieu Tram, Ngoc Thuy, Khanh Doan, Phuoc Vinh – ( KD0105)
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