Viet Nam has emerged as an attractive foreign direct investment (FDI) destination in Asia according to a report by the Economist Intelligence Unit (EIU).
The report suggests that factors that make Viet Nam 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.
The EIU report says that Viet Nam has scored more than both India and China in the FDI policy. India remains behind both China and Viet Nam in foreign trade and exchange controls.
Viet Nam will continue to offer generous arrangements for international firms with incentives for investment, underlining that “Viet Nam’s proliferating membership of free trade agreements represents a strong point of its trade relations, reducing export costs”./.
