Micro foreign-invested businesses flock to VietnamVietNamNet Bridge - Many foreign registered investment projects capitalized at several millions of dollars each have been set up in Vietnam. Economists have warned that the existence of the micro enterprises will cause difficulties for domestic ones. Nguyen Mai, former Deputy Minister of Planning and Investment, warned that the average investment capital per project is getting smaller, including micro projects capitalized at $1-2 million. Vietnam, in attracting foreign direct investment (FDI), seeks huge foreign capital. Agencies should also think of other incentives to attract foreign investors, rather than rely on preferential tax rates and land-use rights access.

Source: VietNamNet News May 04, 2018 05:15 UTC