Vietnam tops regional peers in FDI attractiveness

Update: 15:25 | 20/09/2019

Vietnam has been ranked eighth out of 29 most attractive economies for business decision-makers to invest in by the U.S. News & World Report.

According to the 2019 Best Countries to Invest In Index released by American media firm, Vietnam stands above Malaysia (13rd), Singapore (14th) and Indonesia (18th) in the index.

Uruguay topped the ranking as the best country to invest in, followed by Saudi Arabia, Costa Rica, Luxembourg.

Vietnam, regional peers, FDI attractiveness, attractive economies, business decision-makers,  FDI disbursement

Workers at a factory of Samsung Electronics Vietnam.

Its ranking is based on a survey of nearly 7,000 business decision-makers who scored each country on eight attributes: corruption, dynamism, economic stability, entrepreneurial spirit, favorable tax environment, innovativeness, skilled labor force and technological expertise.

Foreign investment in Vietnam is expected to top $20 billion this year, a record high, according to Singapore’s United Overseas Bank (UOB).

FDI pledges for new projects, increased capital and stake acquisitions in Vietnam downed 11.9 percent year-on-year to $22.63 billion in the first eight months of this year, according to the Ministry of Planning and Investment.

Estimated FDI disbursement between January and August was nearly $11.96 billion, up 6.3 percent year-on-year.

Vietnam has been attracting FDI for over three decades now, with the value reaching $334 billion as of August last year.

Vietnam attracts record FDI
Vietnam has drawn FDI worth $16.74 billion in the first five months of the year, the highest in the period since 2015.
Hanoi leads in FDI attraction during first four months
Hanoi has become the leading locality nationwide in foreign direct investment (FDI) with total investment during the first four months of this year accounting for 30.6 percent of the total capital poured into the Vietnamese economy.
Bac Giang ranks 11 nationwide in FDI projects and 10 in registered capital
(BGO) – Bac Giang province attracted a total registered capital of 34.9 million USD in April 2019, including 9 new domestic invested projects worth 208 billion VND (8.9 million USD) and 4 foreign direct investment (FDI) projects with registered capital of 8.5 million USD.

Source: VnExpress

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