Grant Thornton: Vietnam attractive to investors
(VOV) - Roughly 51% of surveyed private investors revealed that they have plans to expand operations in Vietnam over the next 12 months, according to a Grant Thornton Vietnam report.
The report on private investment recently released by Grant Thornton Vietnam, a leading audit, tax and advisory company, said that Vietnam is still a more attractive investment destination compared to other regional countries.
Grant Thornton Vietnam Director Ken Atkinson said despite facing challenges, macro-economic stability has been improving and the economy shows positive signs of recovery. Foreign direct investment (FDI) is flowing into Vietnam at high levels through mergers and acquisitions (M&A) activities, a trend that is forecast to continue in the coming years.
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The report revealed that private investors were interested in Vietnam’s retail market, especially for food and beverages, reasoning Vietnam is a large market of more than 90 million consumers with steadily rising incomes - a driving force for future growth.
In addition, real estate is also drawing much attention from investors, particularly in M&A activities.
At a Vietnam Investment Forum (VIF) held recently in Ho Chi Minh City, domestic and foreign experts said emerging markets, including Vietnam, are highly appealing destinations for international investment capital inflows.
Dr Marc Faber, a well-known financial strategist, forecast that foreign investment in Vietnam’s stock market would grow rapidly in the coming years.