Vietnam emerges as attractive Asian destination for investors (Photo: VNA)
Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct
investment (FDI) destination in Asia, by beating China and India, a report by The
Economist Intelligence Unit (EIU) has indicated.
The Southeast Asian nation has become a new hub for low-cost
manufacturing in Asian supply chains, the website eur
asiantimes.com on January
14 quoted the report.
The report suggests that factors that make Vietnam 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.