Wednesday , 09/18/2019 14:00

Vietnam ranks eighth on list of best countries to invest in

U.S. News & World Report has just released the ranking of the best economies to invest in this year, showing large changes, with three new faces among the top five. In particular, Vietnam surpassed its Southeast Asian neighbours including Malaysia, Indonesia, and Singapore to rank eighth, massively boosting its 23rd position last year.

Fuelled by continuous growth, Vietnam itself continues to attract record foreign direct investment (FDI) volumes, bolstered by its committed to roll out an ambitious investment plan to develop overall infrastructure in major industrial poles, which will ease doing business and improve logistics. All these factors helped the country improve its ranking tremendously year by year.

U.S. News & World Report's ranking is the results of a global perception-based survey and ranks countries based on the highest scores among nearly 7,000 business decision-makers on a compilation of eight equally weighted country attributes including corruption, dynamism, economic stability, entrepreneurship, tax environment, innovation, skilled labour force, and technological expertise.