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Vietnam tops ASEAN investing destinations

A recent survey of ASEAN Business Advisory Council (ABAC) has shown that regional investors rank Vietnam as the second most attractive destination in the region.
A recent survey of ASEAN Business Advisory Council (ABAC) has shown thatregional investors rank Vietnam as the second most attractivedestination in the region.

The survey was carried out among405 businesses in the region. Half of them chose Indonesia while 46percent chose Vietnam as their top investment destination, followed bySingapore , Thailand and Malaysia . At the bottom of the list arethe Philippines , Laos , Cambodia , Myanmar and Brunei .

This is the second survey conducted by ABAC since 2010. One-fourth ofthe respondents are operating in Indonesia while 47 percent areworking in Singapore , Vietnam , Thailand and the Philippines.

ABAC survey also shows that ASEAN is more attractive than China in terms of commodity market and production location.-VNA
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