Open the flow of investment capital into the Asian economy

Immediately after the opening of Horasis 2019, experts and speakers had a plenary session, discussing global and Asian economic prospects.

According to the speakers, Vietnam not only benefits from trade tensions between the United States and China, but also benefits from the process of shifting from manufacturing processes in countries. In the next few years, Vietnam will have a chance to grow stronger.

Mr. Ganest Natarajan, Executive Chairman and Founder of 5F World (India), said: “We are currently focusing on developing software and exporting software to other countries. In the last 10 years, the strong renaissance of India's digital economy has enabled us to have an export software market share of 5-6% of the world's software export market share. The digital economy is the driving force for our country to rise strongly ”.

Mr. Ganest Natarajan is also optimistic that the digital economy of India and other countries in the region that have many strengths is the huge human resource. This is the strength that contributes to the overall development process.

Analyzing the period of fluctuations and difficulties of the global economy, the speakers and researchers also pointed out many effects and impacts on the economy. In particular, the most noticeable trend is the shift of manufacturing enterprises to other countries, which also leads to the transfer of qualified human resources, especially to Asia and Southeast Asia. , including Vietnam.

The speakers also assessed the prospects and bright picture of Vietnam's economy. Along with the positive signs of the economy, the Vietnamese Government's policies to support that is the reason for Vietnam to create an interest for investors, in which with the human resources. , young, talented engineers working for technology companies. That is what makes investors more excited to boldly invest in Vietnam.

According to Herbert Chen Wu, CEO of Economist Glpbal Business Review, the instability in the trade war between the United States and China has had a negative impact. However, Wu said that in the next 5-10 years, China will still be a good market to invest in, but it needs to change its mindset so as not to back down with the current drastic changes of the world.

Meanwhile, Mr. Don Lam, CEO and co-founder of VinaCapital, shared that Vietnam has always been a supporter of free trade. Vietnam has joined and signed most important trade agreements in the region and the world. He predicted, the shift of investors into Vietnam also poses many challenges for domestic businesses. Therefore, Vietnamese businesses that want to retain good personnel need to be proactive in responding to labor requirements, especially related policies and benefits.

Reported by Minh Duy – Phuong An – Translated by Vi Bao