According to a survey by Cushman & Wakefield, Vietnam is the first and second most preferred investment destination among emerging markets.
More than 200 senior representatives from leading investment companies have chosen Vietnam as their first and second priority investment destination in the emerging markets group. Statistics show that Vietnam accounted for nearly 80% of the votes for the two priority positions, followed by 75% for India.
Ms. Trang Bui, General Director of Cushman & Wakefield, said that to increase foreign investment attraction, Vietnam is focusing on investing in infrastructure to improve competitiveness, such as highways and seaports important to the economy.
The infrastructure system is being improved rapidly, contributing to strong economic growth and significant development in the logistics industry. The Ministry of Transport has planned to complete the North-South Expressway, the first phase of Long Thanh International Airport, the Quang Ninh – Kien Giang coastal road, metro lines in both the North and the South.
Thanks to many years of efforts, Vietnam is considered an attractive investment destination and a dynamic, open economy with a high growth rate in the world.
Survey of investors
According to statistics, Vietnam recorded a new record with 10.06 billion USD of capital from foreign investors disbursing into Vietnam in the first 6 months of 2022. This is the highest growth rate in the past 5 years. In which, real estate ranked second, accounting for 26% of total capital with leading investors from Singapore, Japan, Denmark, China and Korea.
Commenting further on this issue, Mr. John Campbell, Deputy Director, Industrial Services Division of Savills Vietnam assessed that Vietnam’s policies to support the economy and successful vaccination campaign in recent years have been creating a solid basis for foreign businesses to put their faith in the recovery of Vietnam’s market.
In recent times, the Government of Vietnam has done a great job over the years in encouraging companies to move to Vietnam, especially in the high-value-added industry group. Vietnam also offers tax incentives for technology companies or R&D, renewable energy and smart agriculture.
Vietnam attracts investment (Photo:D.Anh)
In addition, Vietnam also signed two new-generation free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Free Trade Agreement between Vietnam and the European Union (EVFTA). Emerging as a large market with a young, dynamic workforce and an increasingly high quality of human resources, Vietnam can completely compete in the ability to attract FDI with other countries in the region.
“The Vietnamese market has great potential. The market is still far from perfect, there is a long way to go but it is encouraging to see that the market has attracted more high-value-added manufacturing and logistics sectors than in the past”, Mr. John added.
@ Vietnamnet
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