Vietnam Transforming Into Top FDI Destination in Southeast Asia – Global Finance Magazine
On September 21, Global Finance Magazine published an article titled “Vietnam’s Great Expectations,” which highlights Vietnam as one of the leading countries in Southeast Asia in attracting foreign direct investment (FDI). The article attributes this success to various factors, including Vietnam’s favorable demographics with 40% of its 100 million population under 25. Additionally, its membership in the Association of Southeast Asian Nations (ASEAN) provides tariff-free access to a region with 800 million people. Screenshot from the article. “The 2023 outlook for the business environment in Vietnam shows promising signs of improvement,” says Thierry Mermet, CEO of Source Of Asia (SOA), a consultant for businesses seeking opportunities in Vietnam and ASEAN. “Foreign direct investment capital reached approximately $10 billion [in Q1 of 2023], representing a 0.5% increase compared to the same period last year.” SOA projects that this trend will continue. “Our projections fo...