Opportunity's cost

Article Abstract:

Foreign investment in Vietnam remains problematic despite the country's projected need for $20 billion or more in such funds from 1996 through 2000. Many Vietnamese remain suspicious of foreign investors and regard their participation as a direct cost to the country. Independent economists say $400-$500 million was invested in 1994, vs govt claims of $1.5 billion. Many high-profile investors have recently pulled out of projects, citing problems with bureaucracy and infrastructure, while small investors are discouraged.

Foreign investments

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Promises, promises

Article Abstract:

The government of Vietnam is coming under greater pressure to accelerate the pace of reform as the country attracts more and more foreign investment. Reform which has already been undertaken since the mid-1980s has been generally successful, but there is still a considerable need for further reform. There is particular concern about the slow progress being made in reforming state enterprises and the country's financial system.

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