Reported about 1 year ago
Vietnam has missed out on major investments from companies like Intel and LG Chem as they moved their projects to other countries such as Poland and Indonesia due to Vietnam's inadequate investment incentives. The Ministry of Planning and Investment revealed that Intel had planned a $3.3 billion investment in Vietnam but chose Poland instead after seeking cash support, while LG Chem decided on Indonesia after Vietnam declined to cover 30% of the investment cost. The ministry aims to present plans for an investment incentive fund to the central government to address the issue of losing out on foreign investments.
Source: YAHOO