Vietnam listed as a leading investment destination in Asia
(VOVWORLD) - Vietnam has been named one of the leading investment destinations in Asia for a second straight year, according to a recent survey by audit firm PwC at the Asian Financial Forum 2019.
The survey showed that Southeast Asia has eclipsed China as the region most likely to produce the best investment returns, as the ongoing US-China trade war puts a chill on the world’s second-largest economy.
Raymond Chao, Chairman for Asia-Pacific and Greater China at the PwC, said they surveyed CEOs across the region where they wanted to put their money in the next 12 months. For two years in a row, Vietnam has come out on top.
About 39 percent of respondents viewed Southeast Asia as having the best investment returns, while 35 percent voted for China, a drop from 55 percent in a similar poll last year, and 16 percent for the US. A recent report indicated that foreign direct investment flows into ASEAN rose to a record 137 billion USD in 2017. Vietnam, Indonesia and Singapore accounted for some 72 percent of the foreign direct investment inflows into ASEAN.