One country’s loss is another’s gain. On February 1, Myanmar’s military took over the country in a coup sending shockwaves throughout the region. The move undermined Myanmar’s progress and economic reforms since 2011 when it first held parliamentary elections. Recent media reports have stated that the military coup in Myanmar has forced investors to re-think their investments in the country and a large part of foreign investment may be headed to Vietnam and Cambodia.
For the purposes of this article, we will focus on Vietnam. The likelihood of this happening is high given that businesses prefer a stable political environment and market-led free trade environments. Vietnam has been at the forefront of this, registering high growth, establishing free trade deals, and liberalizing its economy. This trend however has been ongoing for the past decade with Vietnam recording increasing levels of FDI.
More @ Vietnam Briefing
No comments:
Post a Comment