Conference on Foreign Direct Investment: Opportunities and Challenges for Cambodia, Laos and Vietnam -- Melia Hotel, Hanoi, August 16-17, 2002

Summary Proceedings

IMF Seminars, Conferences and Workshops

Resident Representative in Vietnam

Conference on Foreign Direct Investment: Opportunities and Challenges for Cambodia, Lao P.D.R. and Vietnam

Co-hosted by the IMF and the State Bank of Vietnam

Melia Hanoi Hotel, Hanoi, Vietnam

August 16–17, 2002

Participation by invitation only
For Press Coverage, contact sadams@imf.org

Program

August 16 (Friday)

8:00–8:30 Registration

8:30–8:45 Opening Remarks

Tran Minh Tuan (Deputy Governor, State Bank of Vietnam)

Wanda Tseng (Deputy Director, Asia and Pacific Department, IMF)

Session I Key Issues and Trends for Foreign Direct Investment in Asia

Chair: Tony Elson (IMF)

8:45–9:05 Overview of Key Issues to be Addressed

Presenter: Chanpen Puckahikom (IMF)

9:05–9:25 FDI Unique Contribution to Capital Flows and Investment in Capacity

Presenter: Assaf Razin (Tel Aviv University)

9:25–9:45 Trends in Global and Regional Foreign Direct Investment Flows

Presenter: Yu Ching Wong (IMF)

9:45–10:00 Coffee Break

Session II Experience of East Asia in Attracting FDI

Session II-A Case Studies on ASEAN

Chair: Chia Siow Yue (Institute of Southeast Asian Studies)

10:00–10:45 Japanese Foreign Direct Investment in East Asia with Particular Focus on ASEAN 4

Presenter: Shujiro Urata (Waseda University)

Discussant: Nick Freeman (Mekong Capital Ltd.)

10:45–11:30 Foreign Direct Investment in Indonesia: Problems and Prospects

Presenter: Edward M. Graham (Institute for International Economics)

Discussant: Stephen A. Parker (USAID/STAR -Vietnam)

11:30 –12:15 Foreign Direct Investment in Thailand: Performance and Attraction

Presenter: Peter Brimble (The Brooker Group Public Company Ltd.)

Discussant: Hooi Eng Phang (IMF)

12:15 –13:30 Lunch

Session II-B Case Studies on China and India

Chair: Phung Khac Ke (State Bank of Vietnam)

13:30–14:35 Bringing FDI in Line with National Interests: The Chinese Experience

Presenter: Jiang Xiaojuan (Chinese Academy of Social Sciences)

China's Experience with Foreign Direct Investment and Some Lessons for Developing Host Economies

Presenter: Leonard K. Cheng (Hong Kong University of Science and Technology)

Discussant: Shujiro Urata (Waseda University)

14:35–15:20 Foreign Direct Investment in India in the 1990s: Trends and Issues

Presenter: R. Nagaraj (Indira Gandhi Institute of Development Research)

Discussant: Wanda Tseng (IMF)

15:20–15:30 Coffee Break

Session III Legal and Tax Issues in Hosting FDI

Chair: Sok Siphana (Ministry of Commerce, Cambodia)

15:30–16:15 Foreign Direct Investment: The Legal Environment

Presenter: Oliver Massmann (Baker & Mckenzie)

Discussant: Robert Glofcheski (UNDP)

16:15–17:00 Tax Incentives in Cambodia, Lao P.D.R. and Vietnam

Presenter: Kevin Fletcher (IMF)

Discussant: Edward M. Graham (Institute for International Economics)

17:00–17:45 Taxing Times in Vietnam

Presenter: Warrick Cleine (KPMG)

Discussant: Harry Brunt (Freshfield Bruckhaus Deringer)

August 17, 2002

Session IV Foreign Direct Investment in Cambodia, Lao P.D.R and Vietnam—Trends and Policy Issues

Chair: Nguyen Thanh Xuan (Investment and Trade Promotion Centre, Vietnam)

8:30–8:50 FDI in Cambodia, Laos and Vietnam: A Regional Overview

Presenter: Nick Freeman (Mekong Capital Ltd.)

8:50–9:20 Foreign Direct Investment in Vietnam: Results, Achievements, Challenges and Prospect

Presenter: Le Dang Doanh (Ministry of Planning and Investment, Vietnam)

Discussants: Jiang Xiaojuan (Chinese Academy of Social Sciences )

Susan Adams (IMF)

9:20–9:50 Cambodia's Foreign Direct Investment: Situation and Strategy

Presenter: Hing Thoraxy (Council for the Development of Cambodia)

Discussants: Leonard Cheng (Hong Kong University of Science and Technology)

Comments by Robert P. Hagemann (IMF)

:50–10:20 Foreign Direct Investment in Laos—Trend, Context and Policy Issues

Presenter: Khamlien Pholsena (Committee for Planning and Cooperation, Lao P.D.R.)

Discussants: R.Nagaraji (Indira Gandhi Institute of Development Research)

Eric Sidgwick (IMF)

10:20–10:30 Coffee Break

Session V Panel Discussion and Summing Up

Moderator: Wanda Tseng (IMF)

10:30–11:30 Panel Discussion

Panel Speakers
Chia Siow Yue (Institute of Southeast Asian Studies)
Deepak Khanna (World Bank Group/IFC)
Assaf Razin (Tel Aviv University)
Jordan Ryan (UNDP)
John Samy (Asian Development Bank)

11:30–11:45 Closing Remarks

Wanda Tseng (IMF)

12:00–13:00 Lunch

Program
*August 16 (Friday)*
8:00–8:30	*Registration*

8:30–8:45	*Opening Remarks* Tran Minh Tuan (Deputy Governor, State Bank of Vietnam) Wanda Tseng (Deputy Director, Asia and Pacific Department, IMF)

Session I	Key Issues and Trends for Foreign Direct Investment in Asia *Chair: Tony Elson (IMF)*
8:45–9:05	Overview of Key Issues to be Addressed Presenter: Chanpen Puckahikom (IMF)

9:05–9:25	FDI Unique Contribution to Capital Flows and Investment in Capacity Presenter: Assaf Razin (Tel Aviv University)

9:25–9:45	Trends in Global and Regional Foreign Direct Investment Flows Presenter: Yu Ching Wong (IMF)

9:45–10:00	*Coffee Break*

Session II	Experience of East Asia in Attracting FDI

Session II-A	Case Studies on ASEAN Chair: Chia Siow Yue (Institute of Southeast Asian Studies)
10:00–10:45	Japanese Foreign Direct Investment in East Asia with Particular Focus on ASEAN 4 Presenter: Shujiro Urata (Waseda University) Discussant: Nick Freeman (Mekong Capital Ltd.)

10:45–11:30	Foreign Direct Investment in Indonesia: Problems and Prospects Presenter: Edward M. Graham (Institute for International Economics) Discussant: Stephen A. Parker (USAID/STAR -Vietnam)

11:30 –12:15	Foreign Direct Investment in Thailand: Performance and Attraction Presenter: Peter Brimble (The Brooker Group Public Company Ltd.) Discussant: Hooi Eng Phang (IMF)

12:15 –13:30	*Lunch*

Session II-B	Case Studies on China and India *Chair: Phung Khac Ke (State Bank of Vietnam)*

13:30–14:35	Bringing FDI in Line with National Interests: The Chinese Experience Presenter: Jiang Xiaojuan (Chinese Academy of Social Sciences) China's Experience with Foreign Direct Investment and Some Lessons for Developing Host Economies Presenter: Leonard K. Cheng (Hong Kong University of Science and Technology) Discussant: Shujiro Urata (Waseda University)

14:35–15:20	Foreign Direct Investment in India in the 1990s: Trends and Issues Presenter: R. Nagaraj (Indira Gandhi Institute of Development Research) Discussant: Wanda Tseng (IMF)

15:20–15:30	Coffee Break

Session III	Legal and Tax Issues in Hosting FDI *Chair: Sok Siphana (Ministry of Commerce, Cambodia)*

15:30–16:15	Foreign Direct Investment: The Legal Environment Presenter: Oliver Massmann (Baker & Mckenzie) Discussant: Robert Glofcheski (UNDP)

16:15–17:00	Tax Incentives in Cambodia, Lao P.D.R. and Vietnam Presenter: Kevin Fletcher (IMF) Discussant: Edward M. Graham (Institute for International Economics)

17:00–17:45	Taxing Times in Vietnam Presenter: Warrick Cleine (KPMG) Discussant: Harry Brunt (Freshfield Bruckhaus Deringer)

*August 17, 2002*

Session IV	Foreign Direct Investment in Cambodia, Lao P.D.R and Vietnam—Trends and Policy Issues *Chair: Nguyen Thanh Xuan (Investment and Trade Promotion Centre, Vietnam)*

8:30–8:50	FDI in Cambodia, Laos and Vietnam: A Regional Overview Presenter: Nick Freeman (Mekong Capital Ltd.)

8:50–9:20	Foreign Direct Investment in Vietnam: Results, Achievements, Challenges and Prospect Presenter: Le Dang Doanh (Ministry of Planning and Investment, Vietnam) Discussants: Jiang Xiaojuan (Chinese Academy of Social Sciences ) Susan Adams (IMF)

9:20–9:50	Cambodia's Foreign Direct Investment: Situation and Strategy Presenter: Hing Thoraxy (Council for the Development of Cambodia) Discussants: Leonard Cheng (Hong Kong University of Science and Technology) Comments by Robert P. Hagemann (IMF)

:50–10:20	Foreign Direct Investment in Laos—Trend, Context and Policy Issues Presenter: Khamlien Pholsena (Committee for Planning and Cooperation, Lao P.D.R.) Discussants: R.Nagaraji (Indira Gandhi Institute of Development Research) Eric Sidgwick (IMF)

10:20–10:30	*Coffee Break*

Session V	Panel Discussion and Summing Up *Moderator: Wanda Tseng (IMF)*
10:30–11:30	Panel Discussion Panel Speakers Chia Siow Yue (Institute of Southeast Asian Studies) Deepak Khanna (World Bank Group/IFC) Assaf Razin (Tel Aviv University) Jordan Ryan (UNDP) John Samy (Asian Development Bank)
11:30–11:45	*Closing Remarks* Wanda Tseng (IMF)

12:00–13:00	*Lunch*