Edmund Malesky Quoted on Foreign Investor Costs in Vietnam
Foreign institutions urge Vietnam to speed up administrative reform
The Prime Minister has urged the Ministry of Planning and Investment to complete the reforms to submit to the government for approval. This could be seen as an important move in the reform process which aims to gradually erase the images about a distorted investment environment controlled by “under the table” money and complicated relations.
Ironically, when the government continuously calls upon institutions to carry out reform and renovation, a recent survey conducted by the Vietnam Chamber of Commerce and Industry VCCI on thousands of enterprises on the provincial competitiveness index showed that the transparency level in localities has degraded. This is for the second consecutive year the survey showed decreases in the transparency index. Not only small provinces, where the local economies develop slowly, but the transparency index is also decreasing in big provinces and cities, which were once recognized as the typical examples for renovation.
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Edmund Malesky can comment on political development in Vietnam and China, as well as comparative political economy in Southeast Asia. He also can provide insight into the choices underlying the decisions of foreign investors and thereby the globalization debate, especially in regard to the discussion of "sweatshops" in developing countries.