Edmund Malesky Quoted on Costs for Foreign Investors in Vietnam
Vietnam Business Costs Higher for Foreign Companies, Study Says
03/16/2011
Diep Ngoc Pham,
Bloomberg News
Foreign companies in Vietnam face higher start-up and regulatory costs compared with domestic businesses, a joint Vietnamese-U.S. study says.
“Foreign investors are facing a much more difficult regulatory environment than domestic investors,” Edmund Malesky, a lecturer at the University of California, San Diego, told a conference in Hanoi today. He was lead researcher on the study by the Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development.
“It takes twice as long for foreign investors” to start a business, Malesky said. That’s “to some extent disappointing” given Vietnam’s commitments to the World Trade Organization, he said.
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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.
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