Foreign investment from China, Japan and the United States will steadily flow into Vietnam in the very near future, Japan’s "Sankei" newspaper said on November 21.
The paper quoted a recent report by the Japan’s Economic and Trade Organisation (JETRO) as speaking of Vietnam’s good-quality, inexpensive workforce and its convenient geographic position in the region as important factors that strongly lure foreign investors.
The country has since 2001 maintained high growth rates of gross domestic product (GDP) which constantly stand at 7% on average. The amount of foreign direct investment (FDI) has been constantly on the rise, the large bulk of which comes from Japan and Singapore.
The US is also one of the largest trade partners of Vietnam. The US-based global chip manufacturer, Intel group, earlier this year decided to triple its investment in Vietnam to US $1 billion from more than US $300 million.
"Sankei" predicted that Vietnam is about to see an increase in Chinese investment in the near future. Chinese President Hu Jintao said during his visit to Vietnam last week that China would further boost bilateral trade and investment co-operation with Vietnam.
Meanwhile, the paper said more than 100 leading businesses accompanied Japanese Prime Minister Shinzo Abe on his visit to the country during the APEC meetings. This proves the special interest of the Japanese business circle in Vietnam – a destination for a new investment wave from Japan. (VNA) |