Source: Financial Times
Vietnam has topped an EM index for greenfield foreign direct investment for the second year running, ranking far ahead of other emerging economies.
The Southeast Asian country came top in the second annual study of 14 countries by fDi Intelligence which looked at inbound greenfield investment in 2015 relative to the size of each country’s economy.
Vietnam scored 6.45 in the index, punching almost 6.5 times above its economic weight and far ahead of next placed Hungary and Romania, and its regional competitors Malaysia and Thailand, as the table shows.
Vietnam’s performance cements several years of efforts to make its economy more receptive to investment.
According to the World Bank’s latest Doing Business report, improvements include reducing the time taken to register a company and to get it connected to the electricity supply, better access to information on credit and cuts in the rate of corporate income tax, as well as making it easier to pay.
Greenfield FDI performance index, emerging markets