Vietnam still has a great potential for development and attracting foreign investment despite certain declines in its economy due to the global economic crisis, the newspaper said.

Il Sole 24 Ore quoted the latest research conducted by the market research company AT Kearney and affirmed that Vietnam has surpassed China and India to top the list of countries which are the most attractive to leading global retailers. This is thanks to the country’s advantages such as increased consumption, low costs in infrastructure and low competitiveness between retail groups.

The Italian daily  added that Vietnam’s improved attractiveness also comes from its high growth of GDP and its far-reaching industrialization and modernization process, and many businesses have been shifting their investment from China to Vietnam because of lower labour costs.