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VietNamNews

Nation in top ten for Asia-Pacific investment

Update: September, 08/2012 - 10:03

HA NOI — Viet Nam will be among the Asia-Pacific region's most attractive destinations for investors in the next three to five years, according to a Price-waterhouseCoopers (PwC) survey released this week.

According to PwC's CEO APEC 2012 survey, Viet Nam will be ranked ninth among the most appealing investment destinations for companies which have their main headquarters in fast-growing economies in the next three to five years. The survey was conducted between June and August with the participation of 376 CEOs and experts in 40 countries.

According to the leading auditing firm's report, Viet Nam will also rank eleventh in terms of foreign direct investment during the next three to five years.

Asia-Pacific CEOs considered mainland China and the US their first choices for investment in the next three to five years. Natural resource-rich economies such as Russia, Indonesia and Australia and service hubs like Hong Kong and Japan would also attract their attention.

About 36 per cent of executives surveyed by PwC said they were optimistic about their short-term business growth, while up to 54 per cent believed they would achieve better long-term business performance in the next three to five years. The survey also indicated that the economic downturn in the US and the Euro-zone as well as China's slowdown in economic growth to below 7.5 per cent have affected CEO trust in the Asia Pacific region. — VNS

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