According to Mr.David Mann, the Chief economist for Asia of Standard Chartered Bank, Vietnam's policies which opened the door for more foreign direct investment (FDI) flows to enter its market have made the country an attractive market in Asia.
Vietnam’s administrative reform and tariff removal, and the country’s participation in regional trade agreements, help attract more foreign investors, he added.
Besides Standard Chartered Bank’s survey, a recent survey of Grant Thornton Vietnam also showed that domestic and foreign investors are keen on the Vietnamese market and have positive outlook about the country’s economy. Vietnam is attractive because of its abundant source of labour, low operational cost, diverse population structure and stable political environment.
According to ASEAN statistics, FDI into the region reduced by 8 percent to 120 billion USD in 2015, but the investment flows into Cambodia, Laos, Vietnam and Myanmar rose 38 percent to 17.4 billion USD.
