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% CONTENTS | ISSUE 329, April 2022 Congratulations on South Africa Freedom Day

COVER STORY

Vietnam has maintained its longstanding position among
countries and territories attracting the most FDI despite
the travails of the last two years. Since the first Law on
Foreign Investment came into being in the late 1980s, the
capital source has proven invaluable for Vietnam’s
socio-economic development. A focus on quality rather
quantity has been in place for some time, and sustain-
ability is now the key buzzword. Much has been done to
facilitate foreign investment, and efforts at reform are
ongoing. While Vietnam benefits from foreign capital, it
can’t be denied that the country is also a happy hunting
ground for many foreign investors.

DIGITAL BIZ
Editor’s letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Key tool for growth Digital Economy Working Group at VBF
LEADERS make recommendations to the government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36
Success follows policy shift Vietnam - US relations benefit Online on the up Digital consumption and cashless payments
from change in foreign policy and thinking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 both proving increasingly popular . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38
AT A GLANCE BANKING & FINANCE
Leading news from the month at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 A more accessible marketMr. James Estaugh from HSBC Vietnam
BIZ GUEST looks at Vietnam’s stock market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40
RECOVER - REGAIN - REBOUND Mr. Benjamin Lam from VSIP
PROPERTY
Group and VSIP JSC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20
Change in clienteleServiced apartments adapting as economy and
BUSINESS REPORTS tourism recover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42
Select sites; Everything in place; Battling to begin; Opportu-
nities on offer; Much more in store; Scramble for talent; A CORPORATE NEWS
place in the world . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 What’s happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44

STARTUPS
The latest from the world of startups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

C O V E R P H O T O : C H U X U A N K H O A
P I C T U R E S B Y T R A N V I E T T U A N , D E S I G N B Y V E T M E D I A

V I E T N A M E C O N O M I C T I M E S

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ENGLISH LANGUAGE EDITORJohn Harding
We would like to sincerely thank the Ministry of Foreign Affairs and all overseas embassies and representative offices of Vietnam for their support and cooperation in the worldwide circulation of our magazine.
ISSN 2734 - 9683 - LICENCE No. 272/GP-BTTTT ON JUNE 26, 2020, PUBLISHED MONTHLY BY THE VIETNAM ECONOMIC ASSOCIATION, PRODUCED IN VIETNAM AND PRINTED AT TIEN PHONG PRINTING AND COMMERCE JOINT STOCK COMPANY.© ALL RIGHTS RESERVED

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