British Virgin Islands is the biggest foreign investor in this investment mode.The British Virgin Islands is one of the tax havens about which Oxfam has issued warnings.Many investment funds and businesses from British Virgin Islands have made big investments in Vietnam. FIA’s report also shows big investments from other tax havens like Singapore, Hong Kong, Cayman, Bermuda, Panama, Luxembourg and Bahamas. Dau Tu quoted an Oxfam report as warning that if Vietnam doesn’t have reasonable management policies, profits from investments from tax havens may not be retained in Vietnam. Tin said in an open market which operates with trade rules, Vietnam cannot refuse investments from other countries, including tax havens. RELATED NEWSCapital from tax havens flowing to VietnamUS$20 billion of foreign capital in Vietnam from 'tax havens'Kim Chi

Source: VietNamNet News August 20, 2017 09:22 UTC