Vietnam emerges as attractive Asian destination for investors: The Economist
Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.
Vietnam emerges as attractive Asian destination for investors (Photo: VNA)
Hanoi (VNA) – Vietnam has emerged as an attractive foreign directinvestment (FDI) destination in Asia, by beating China and India, a report by TheEconomist Intelligence Unit (EIU) has indicated.
The Southeast Asian nation has become a new hub for low-costmanufacturing in Asian supply chains, the website eurasiantimes.com on January14 quoted the report.
The report suggests that factors that make Vietnam betterthan its peers are the incentives for international firms for setting up unitsto manufacture hi-tech products, the pool of low-cost workers, and theproliferation of free trade agreements.
It also cited Ruchir Sharma, an emerging markets strategistat Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percentof GDP, which is the highest ratio in any emerging country.
In addition, the ever-changing policies as per the marketdemand, the vigorous changes in the business and investment climate, socio-politicalstability and population structure are also factors that made the countryattractive for FDI, the report said.
It added that the recent free trade agreement betweenVietnam and the European Union has benefitted the country as the EU lifted 85percent of its tariffs on Vietnamese goods in 2020 and the FTA’s biggest gainswere witnessed by footwear manufacturers in Hanoi.
Around 40 percent of exports to the EU in footwearmanufacturing faced 30 percent tariffs, which were completely withdrawn fromAugust 2020.
Even amid the COVID-19 pandemic, in the period from January to September 2020, the country attracted 21.20 billion USD in FDI or 81.1 percent compared tothe same period last year, it said, quoting data of the Vietnam Briefing./.
Prime Minister Nguyen Xuan Phuc, in a meeting with outgoing Singaporean Ambassador to Vietnam Catherine Wong on January 13, highlighted the great success in bilateral trade and investment relations, saying that the Vietnam-Singapore Industrial Park (VSIP) model is a bright spot in the economic ties.
The southern province of Dong Nai secured 11 foreign direct investment (FDI) projects worth more than 226 million USD in the first half of January, the highest recorded in the same time in the past five years, according to the provincial management board of industrial parks.
The northern port city of Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreign direct investment (FDI) in 2021, according to head of the management board of Hai Phong’s economic zones Le Trung Kien.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vietnam emerges as attractive Asian destination for investors (Photo: VNA) 
