The Bangkok Post said that Vietnam is one of the best growing economies in the region which has become an attractive destination for investment from all over the globe. “The government of Vietnam has put a lot of effort into making the country a good host for incoming investment and companies,” the Thai newspaper said, adding that several companies have moved their units across the border to Vietnam from China including giant firms like Nokia, Samsung, Olympus, Nike and Adidas.

According to Reuters, foreign direct investment (FDI) is crucial for Vietnam to maintain economic growth since FDI firms account for about 70 percent of the country’s total exports.

Russia’s Regnum news agency hailed Vietnam for jumping 15 places on the ranking of best economies to invest in, surging past other regional peers like Malaysia, Singapore, and Indonesia.

The World Economic Forum’s 2019 Global Competitiveness Index report revealed that Vietnam rose 10 spots from last year to land at 67th out of 141 economies, making it the most improved country this year. Bloomberg reported that economists have lifted growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter. Citigroup revised its full-year forecast of Vietnam’s GDP to 6.9 percent from 6.7 percent, on the basis of another solid performance in the fourth quarter.