Monday, 2 July 2018 00:00
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Vietnam attracted bulk of $ 108 billion in FDIs since 2007 due to tax holidays and continues to treat big ticket investments in a special way.
For example, Samsung has invested $ 17 billion in Vietnam and accounts for quarter of Vietnam’s exports of $ 214 billion in 2017. Its Vietnam venture’s revenue in 2017 was a staggering $ 58 billion or 75% of the total value of Sri Lanka’s economy.
Vietnam’s FDI last year amounted to a high 8% of GDP, more than double the rate that went to comparable economies in the region. Foreign-owned firms now account for nearly 20% of the country’s output. The economy grew at 7.4% year-on-year in the first quarter of 2018, one of the fastest rates in Asia.
