Small and slow is motto of investors in Vietnam

Article Abstract:

The lure of profits has attracted a substantial number of foreigners to Vietnam's emerging economy. However, experts agree that going small and slow is the most prudent strategy for investors seeking to do business in Vietnam. In addition to cultural differences, foreign businessmen will have to deal with problems such as varying accounting standards, dubious financial statistics and inconsistent government bureaucracies. There are also concerns about legal protection, currency risk and exit strategies.

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Pace of reform is 'suitable': prime minister stresses the importance of stability

Article Abstract:

Vietnamese Prime Minister Vo Van Kiet believes that the seemingly slow pace of economic progress is well-suited to his country's unique conditions. Despite a series of floods and typhoons, Kiet is assured of Vietnam's economic recovery. He also stressed the importance of political stability in the country's quest for industrialization and international competitiveness. Kiet further assured the continuity of economic reforms and the need to curb corruption and to restructure the legal system.

Economic policy, Prime ministers, Vo Van Kiet

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Foreign firms take pains to crack Vietnam market

Article Abstract:

Foreign companies are all eager to invest in Vietnam primarily because they expect it to follow in the footsteps of other buoyant Asian economies in the long run. Nomura Securities has agreed to construct an industrial park in the country and many automobile manufacturers are set to start their assembly plant construction work. Majority of the country's population are still poor but the country's economic reform agenda have succeeded in achieving the image of imminent success.

Economic aspects

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