Saturday, May 20, 2017
Vietnam Forecasts Record 2016 $15 Billion Foreign Investment
This is the magnitude of Vietnamese foreign investment record for the year 2016 which means that this emerging powerhouse may soon become one of the superpower in the region overtaking comfortably many other countries where in decades ago is struggling to survive in their economy.
The quantity and magnitude shown by the strides of the Vietnamese economy is gigantic compared with its neighboring countries in the southeast asia, and this would mean they are becoming a powerhouse that in a short future, they can no longer be intimidated by industry giants like China which has big stakes in the South China Sea.
The situation regarding the story of Vietnamese is very relevant to our country the Philippines due to its growth is a very big challenge for us and a big reason that would make means to overcome the difficult situation of the country in resolving its ill in employment, investments, cost of living, exports and revenue, and over all the GDP condition.
The Philippine government has been trying hard to make its economy improve and make a better life for its people, but in reality, the situation do not grow due to political culture and condition in the country. The people, and mostly its elected public officials do not serve well for the welfare of its people , but in contrary they prioritize their political careers and sponsor corruption in all corners of public service. The attitude of its people and those in positions are the problems of this nation and makes the reason that it can hardly come up with a descent program in the government to resolve the problem of its people for better life.
The model structure of Vietnam in receiving foreign investments in this quantity must make in us a challenge and devise remedies to counter the minuscule investments we receive compared with that of Vietnam seen alone for the year 2016.
The amount of 16 USD FDI alone is a huge gap compared with that of the Philippines, as per record we have only gathered that same amount in the whole term of six (6) years of the past administration. To make such data of an envy and a challenge for creating innovation to shorten that gap and make means to lure those foreign investors to entice investment in the country must be a strategy for now.
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