More and more investors and large economic groups have shown interest in the Vietnamese market due to the success of the APEC Leaders’ Meeting (Illustrative image: VNA) Hanoi (VNA) – More andmore investors and large economic groups have shown interest in the Vietnamesemarket due to the success of the Asia-Pacific Economic Cooperation (APEC)Leaders’ Meeting in November.
A survey conducted by PWC revealed that 62 percent of the world’s 1,400 leadingCEOs who attended the APEC event plan to expand their business in Vietnam in2018.
Some 47 percent of the foreign investors said they plan to invest more in thecountry in the next 12 months.
Vietnam has become one of the four leading APEC economies in internationalinvestment attraction. The country is forecast to be among the countries withthe highest GDP growth for years.
This position is attributable to the country’s large amount internet users, anddynamic and studious young people, who have been described by researchers andCEOs as valuable resources for the country.
Vietnam also boasts geo-economy and geo-political advantages, with US PresidentDonald Trump saying Vietnam is located in the heart of the Indo-Pacific freetrade area.
Speaking at a recent conference on post-APEC and impacts on Vietnam’s industry,Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said APEC2017 reached consensus on facilitating trade liberalisation and globalisation.
He noted that APEC 2017 also affirmed the role played by the private sector,saying the facilities used by the more than 11,000 delegates to the event were providedby different economic sectors.
The Vietnamese Government is making every effort to turn the country into oneof the four ASEAN nations with the most friendly investment environment, hesaid.
In a meeting with domestic and foreign investors, Prime Minister Nguyen Xuan Phucsaid it is the business circle which has shaped Vietnam’s economy and trade,the official stressed.
According to Loc, APEC has also affirmed micro, small-and medium-sizedenterprises (MSMEs) as drivers of the economy.
He underlined the need for both big enterprises and MSMEs torestructure, set forth visions, fulfil their social responsibilities and ensuresustainable development.-VNA
VNA
