Conference Program and Papers

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

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