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Anzo Lim

Vietnam ranked in top countries for investment

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Vietnam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations such as Malaysia, Singapore and Indonesia.


A recent report by the US News and World Report ranked Vietnam eighth out of 29 economies, up from 23 last year. Neighbouring nations of Malaysia, Singapore and Indonesia, meanwhile stood in thirteenth, fourteenth and eighteenth positions respectively.


The ranking of the best countries to invest in by the American media company draws from the results of a global perception-based survey and ranks countries based on the highest scores among nearly 7,000 business decision-makers on a compilation of eight equally weighted country attributes, including corruption, dynamics, economic stability, entrepreneurial, favourable tax environment, innovation, skilled labour force and technological expertise. 


From the beginning of this year to August, Vietnam lured a total of US$22.63 billion worth of foreign direct investment (FDI) according to the Foreign Investment Agency under the Ministry of Planning and Investment. As of August, the nation was home to more than 29,530 valid foreign-invested projects, with capital totalling US$353.7 billion.


#Vietnam #Investment #SoutheastAsia #WikiFX

Edited by Anzo Lim

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