Foreign firms report losses, but keep expanding: experts want incentives reviewed

Half of all foreign-owned businesses are making losses yet aggressively expanding, and so the government needs to reconsider its incentives, experts said.

Cheap labor and resources may attract foreign investors, but the nation and its people benefit little.

Cheating and overexploitation of workers are among the myriad of negative impacts FDI has had on Vietnam.

October 24, 2018 | 08:35 am GMT+7

Vietnam will get selective with new FDI projects, rejecting those that don’t benefit the country, a senior official says.

October 06, 2018 | 08:00 am GMT+7

Vietnam’s business environment has shown improvement but there is work to be done to attract more FDI, a conference heard.

October 05, 2018 | 09:17 am GMT+7

PM Nguyen Xuan Phuc said Thursday that domestic enterprises should actively acquire stakes in foreign-invested companies.

October 04, 2018 | 07:49 pm GMT+7

Unlike most other ASEAN countries, who have been buffeted by the China-U.S. trade war, Vietnam could actually benefit from it.

September 14, 2018 | 02:36 pm GMT+7

Steel industry has seen a stable average growth of 15 percent, and supply is already higher than market demand.

July 10, 2018 | 08:39 am GMT+7

Vietnam’s hope for stronger links between FDI firms and local counterparts, enabling greater global supply chain participation, has not materialized.

July 09, 2018 | 07:00 pm GMT+7