Wednesday, 28/07/2021 09:20 (GMT+7)
Special factors that make Vietnam more attractive to foreign investors than other production locations in Southeast Asia have been analyzed in a recent article by Vietnam Briefing, investment page of Dezan Shira & Associates group.
Vietnam is always an attractive investment destination. (Photo: baodautu.vn)
According to the article, Vietnam’s supply chain has grown significantly compared to a decade ago. Among the competitive countries, Vietnam has emerged as an effective alternative for the trend of shifting production in Southeast Asia.
In addition, policies encouraging foreign investment, competitive labour costs, free trade agreements and an open investment environment have made Vietnam an ideal location for capital investors looking to reduce costs and diversify supply chains.
The article analyzed Vietnam’s competitive advantages in terms of labour costs, political environment, infrastructure, working environment and flexible administrative apparatus.
It also quoted expert Dustin Daugherty, Head of North American Desk for Dezan Shira & Associates, saying that Vietnam has a high level of regional diversity and the North, Central and South all have competitive advantages, especially for different industries and types of businesses.
Daugherty also said that Vietnam is still a relatively new market for many investors. Additionally, investors need to determine their participation in the long-term “game” and consider Vietnam a long-term investment destination to manage risks. Despite being affected by the pandemic, the positive growth rate is a factor to prevent risks for investors shifting choosing Vietnam./.
BTA