Experts say Vietnam has the opportunity to attract more foreign portfolio investment as central banks are launching $6 trillion in quantitative easing programs in 2020.

A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Vietnam, 

Vietnam needs effective changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.

Sticky projected prospects caused by the global health crisis among  Vietnam’s key trading partners are expected to hit the domestic economy this year with the manufacturing and processing sector, one of the key growth pillars, to be hit hardest.

While COVID-19 will have a negative impact on Vietnam's economic growth in 2020, it will boost the relocation of manufacturing facilities from China to Vietnam.

Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.

The country’s feed-in tariff has supported a boom for Vietnam’s solar sector, but now the Ministry of Industry and Trade proposes a rate reduction in order avoid solar projects becoming a victim of their own success.

On his Twitter, Philipp Rösler showed a photo taken in front of a Hanoi fashion store with an attached note, ‘My friend said this store is like me: Made in Vietnam’.