He noted that the recent elevation of US-Việt Nam relations to a Comprehensive Strategic Partnership has brought many US semiconductor companies to Việt Nam to explore the market. Furthermore, VinaCapital recently hosted a delegation of 30 Taiwanese firms, showcasing the growing interest in investment opportunities in the Vietnamese market. Andy Ho, VinaCapital’s chief investment officer, emphasised that foreign direct investment in Việt Nam is expected to surge to an estimated US$20-25 billion this year. He downplayed concerns about the global corporate minimum tax affecting FDI inflows, stating that tax incentives are not the primary attraction for establishing operations in Việt Nam. Lam expressed enthusiasm for welcoming investors to Việt Nam, particularly in this significant year for VinaCapital.

Source: Viet Nam News October 05, 2023 08:11 UTC