Vietnam sees more demand coming from investors

Vietnam continues to draw more investment from both local and foreign businesses. Amnaj Khetsamtip/Shutterstock

The expansion of Gross domestic product (GDP) by percent last year with growth of 6.6 percent this year has made Vietnam one of the hottest investment destination.

According to Bangkok Post, the country has 12 free trade agreements (FTAs) and 66 international free trade treaties that have helped it to integrate with the global economy and brought opportunities for both local and foreign businesses.

Phong Quach, country manager for Ipsos says “Vietnam is among the fastest-growing economies in the region with a focus shifting to manufacturing and service sectors. The country is in a transition period with more established infrastructure and has great potential to be captured at an early stage.”

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He added that favourable business environment has helped Vietnam surge in FDI inflows, especially in manufacturing. In addition, increased access to international markets gives more opportunities for foreign investors seeking to distribute products abroad.

Last year, the country attracted US$17 billion in FDI commitments, led by manufacturing, services, agriculture and travel businesses.