Viet Nam sixth among 10 APEC investment magnets

Wednesday, Nov 12, 2014 17:56

CEOs place Viet Nam in the seventh place of increasing investment among APEC economies. – Photo

HA NOI (Biz Hub) – Viet Nam has ranked sixth among the top 10 investor destinations in the Asia-Pacific Economic Co-operation (APEC) Forum, a study of PricewaterhouseCooper (PwC) has revealed.

The PwC's study, entitled "New Vision for Asia-Pacific – Connectivity Creating New Platforms for Growth," was based on the thoughts and experiences of more than 600 chief executive officers and industry leaders across 39 economies, with key focus on the 21 APEC economies.

According to the study, about 15 per cent of the CEOs chose to invest in Vietnam and put the country in sixth place among the 10 top investor destinations after China, Australia, the United States, Indonesia and Hongkong-China.

Viet Nam likewise ranked seventh among APEC economies that are expected to receive intensive investments next year, after China, the US, Indonesia, HongKong-China, Singapore and the Philippines. This is based on the preferences of 45 per cent of the CEOs in the study.

The study also noted that 67 per cent of the CEOs planned to increase their investments in the Asia-Pacific region in the next 12 months.

As much as 57 per cent of respondents likewise expressed intentions of investing in capital projects in the region over the next three to five years. China, where 37 percent of large-scale projects are located, remains the dominant destination.

Capital projects are being planned in each of APEC's 21 economies. For instance, some CEOs had plans of building a new production plant in Malaysia, a distribution centre in South Korea and an expanded office in Singapore to accommodate a new headcount.

The study was carried out between June and August 2014, and its results were announced during the APEC CEO Summit in Beijing last November 10. – PwC/VNS

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