Việt Nam needs to update its legal framework related to foreign investment amid the new context of the fourth industrial revolution and capital flow changes due to the trade war, a conference heard in Bình Dương yesterday.

Foreign direct investment (FDI) capital is a major driver of Việt Nam’s economic development. On the sidelines of the Việt Nam Economic Forum 2019 held last week, Kyle Kelhofer, IFC Country Manager for Việt Nam, Laos and Cambodia, and Ganesan Ampalavanar, CEO of Nestle Việt Nam, spoke to Viet Nam News reporter Nguyễn Linh Anh about opportunities to leverage FDI and strengthen links with domestic firms.

Việt Nam needs breakthrough reforms in the national foreign direct investment (FDI) approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) yesterday.