Amid inflow of foreign investment, Vietnam is now targeting investment from higher value-added industries, with potential investors advised to look beyond labour cost advantages. But there are concerns as to the lack of engineering expertise and ancillary industries within the country, a particular challenge for any business undertaking more sophisticated production with higher degree of automation. More
Vietnam has introduced a number of incentives like tax holiday to encourage investment within its industrial zones. But its administration may still lack experience when it comes to handling the complex businesses, and it is not unusual for enterprises to encounter red tapes in the course of their business. Companies should undertake a comprehensive assessment of the costs and benefits of any prospective investment in Vietnam before making any firm commitment. More
Thailand has in recent years emerged as an attractive investment destination, backed by its well-defined investment policies, the closer ties with other countries in the region, and aggressive construction plans by the government, amid a more stable political and economic environment. The opportunities lie in the country’s targeted areas, as well as sectors including business services, logistics and infrastructure development. More
Hong Kong public infrastructure expertise is set to play a pivotal role in Central Africa following the signing of a memorandum of understanding between the government of the Republic of Chad and Hong Kong’s Hsin Chong Group.