12/20/2007, 00.00
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After China and India, Vietnam tops investment in Asia

The survey carried out by two international financial consultants among executives of leading companies show they all agree that the South East Asian nation along with India will see rapid growth in coming years. Beijing remains in first place, but “is losing interest”.

Hong Kong (AsiaNews) – Asian investment remains strong, above all in Vietnam, third behind China and India to “attract” foreign investment.  The data has emerged from a survey carried out by two private financial consultancy companies, Asia Business Council and A.T. Kearney.

 

According to Asia Business Council, an independent association of chief executive officers from leading Asian companies or multinational corporations with “significant” Asian operations, in the last 12 months investments in Asia have grown.  China remains in first place (61% of companies invested there), followed by India (36%), Vietnam (25%) and Singapore (22%).

 

While remaining the leader in attracting foreign investment the levels have decreased somewhat compare to last year, when 77% of companies chose China.  Instead India and Vietnam have seen an increase in interest rising, with projected investment over the next three years amounting to 45% and 42% respectively.   

 

Management consulting firm A.T. Kerney, also carried out a survey among senior executive at the world’s largest companies found corporate investors put Vietnam in third place on the list of Asian countries which inspire trust and is even in first place for European and American companies for long term investment.

 

The survey maintains that Vietnam and the United Arab Emirates are the two nations which registered the greatest economic investments in 2007.  “Investors are increasingly interested in emerging markets such as Vietnam, Brazil and South Africa” said author of the report Janet Pau.

 

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