Vietnam to become post-pandemic potential investment destination: VinaCapital CEO
(VOVWORLD) - In a video recently sent to media, Don Lam, co-founder and CEO of fund management company VinaCapital, said Vietnam has many competitive advantages making it one of the fastest growing economies in the world.
 The consumer goods sector is among the most promising for investment in Vietnam. (Photo: VNS) |
One advantage is a new wave of foreign direct investment (FDI) which is being driven by global events, including the COVID-19 pandemic.
Lam said due to the pressures of profit margins and the need to minimize costs, foreign companies will come to Vietnam as a potential investment destination for their future factories.
Vietnam has always had a workforce advantage in regards to high quality and low labor cost while geographically it is close to supply chains in China and the rest of Asia.
Lam affirmed Vietnam’s success in controlling the pandemic and local market potential as factors to reinforce investors’ trust.