Dhaka, June 3 -- South Korea's Ambassador to Bangladesh, Park Young-sik, has rightly spotlighted the pressing need for reform in customs procedures and the visa regime to attract greater foreign direct investment (FDI).
His remarks at the recent seminar on Korea-Bangladesh Economic Cooperation, hosted by the Foreign Investors' Chamber of Commerce and Industry (FICCI), ring particularly true as Bangladesh prepares to graduate from its status as a Least Developed Country (LDC) in 2026.Despite notable progress - tripling its per capita income in a decade and expanding its industrial base - Bangladesh remains a laggard in attracting foreign direct investment (FDI).
With an FDI-to-GDP ratio of just 0.75 per cent, compared to Vietnam's 4.7 per ...