(VOVWORLD) - Vietnam has emerged as an attractive foreign direct investment destination in Asia by beating India and China, a report by the Economist Intelligence Unit indicated. Vietnam has become a new hub for low-cost manufacturing in Asian supply chains, the report said.
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It suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements.
Something that has worked in the favor of Vietnam is the ever-changing policies as per the market demand. The report also pointed out that socio-political stability and population structure helped win investors’ trust in the Vietnamese market.