Vietnam More Attractive Than Thailand in Luring FDI: Survey

Vietnam is more attractive than Thailand in terms of foreign direct investment (FDI) attraction amid the global economic slowdown, according to the latest survey conducted by KAE Marketing Consultant Company.

 

The survey was based on opinions of leaders from big foreign companies operating in Vietnam and Thailand.

 

According to the survey, up to 63 per cent of the interviewees have selected Vietnam for their investment while just 21 per cent believe that Vietnam’s investment environment is better than Thailand’s and the remaining 15 per cent said the two country bring foreign investors the same opportunities.

 

Damien Duhamel, Director of KAE Asia said, “Vietnam has gained impressive GDP growth of over 7 per cent over the two past decades”, adding that the country’s economic prospect is obviously better than Thailand in both the short and long-term.

 

Since 2006, the country has been a favorable destination for foreigners. It attracted US$20 billion in 2007 and more than US$60 billion in 2008.

 

As Vietnam’s GDP rate per capital is four folds lower than Thailand and two folds than China, therefore, it promises great prospect for consumption growth.

 

Seck Yee Chung from Baker & McKenzie Law Company expressed his belief in Vietnam’s good economic growth this year.

 

Duhamel also forecast that Vietnam will be among countries obtaining growth of 15 per cent, 20 per cent and 40 per cent in the areas of auto, health equipment and e-commerce in the coming time.

 

Duhamel, however, warned of risks for foreign investors in Vietnam such as prices hike and CPI soar. (Vietnam Economic Times)