Sandeep Mahajan is an economist with the World Bank. He says Vietnam needs to do more to make land and financing available to private businesses. That way, he says, local companies can join the factory supply chain. Today, investors from other Asia countries operate factories that receive parts and supplies manufactured in China,
An increase in private investment could raise earnings in a country where 12 percent of people live in poverty. Vietnam’s trade relationship with China is valued at $50 billion in trade a year.