Posts Tagged ‘Collective investment scheme’

It is predicted that in 2011, there will be a greater flow of foreign portfolio investment  in Vietnam

Louis Nguyen, Chair and Chief Executive Officer of SAM, a fund management company, relates that in 2010, foreign investors said that their biggest worry was the depreciation of the Vietnam dong, while, to invest in Vietnam they have to convert the dollars or euros into Vietnam dong. Besides, the high inflation and the lackluster of the stock market were also factors that made them choose to inject the money in other markets, such as Indonesia, Taiwan, Malaysia or Singapore.

The hope coming from Asia

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VietFinanceNews.com – Financial experts warned foreign indirect investments (FII) were getting weaker since 2008 because of the global recession, and offered solutions to boost the flow.

Economist Tran Hoang Ngan said it was necessary to set up different taxes on FII in an attempt to prevent foreigners from using the investments for speculating.

“Foreign investors pouring money into Vietnam for small-time profits should have to pay higher taxes than long-term investors. This will help us find out good and stable FII,” Ngan recommended.

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