Vietnam: New package of measures to attract and manage foreign investment.

Section: General News - One of the striking developments in Vietnam in recent years has been the large external capital inflows--mostly in the form of foreign direct investment (FDI). Vietnam has emerged as a leading recipient of FDI flows -- compared to the size of economy -- thanks largely to its initial progress in macroeconomic stabilization, improved investment regime, and outward orientation. These reforms in the domestic economy have been aided by the rapid pace of globalization of corporate production, trade liberalization, and technological advances that all have contributed to a surge in cross-border investment worldwide. Nevertheless, sustaining a high level of FDI …