Vietnam ranks second in ASEAN in attracting US investors
08:27, 2014/09/09
US firms consider Vietnam the second most attractive destination, after Indonesia, in the ASEAN region for investment, according to a recent survey conducted by the American Chamber of Commerce in Singapore (AmCham Singapore).
Foreign investors cited the dynamism of the Vietnamese young highly qualified labour force as the key advantage for conducting business along with its stable socio-political environment.
The survey shows US investors have a positive assessment of Vietnam’s ability to attract and retain businesses and foreign talent and they remain optimistic about the economic prospects in the region, said President of Amcham Singapore James Andrade.
Of the 588 enterprises surveyed, 74% of them said trade and investment activities within ASEAN have increased over the past two years while nearly 90% of them expect the trend to continue and burgeon over the next five years.
The establishment of the ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) agreement in the coming time, will help further increase trade ties with big partners and enhance the region’s appeal as an attractive destination, said Amcham Tami OverbyVice President.
Of the 588 enterprises surveyed, 74% of them said trade and investment activities within ASEAN have increased over the past two years while nearly 90% of them expect the trend to continue and burgeon over the next five years.
The establishment of the ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) agreement in the coming time, will help further increase trade ties with big partners and enhance the region’s appeal as an attractive destination, said Amcham Tami OverbyVice President.
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