(VOVworld) – Vietnam has increasingly become a favorite of investors worldwide. Italian business newspaper, Il Sole 24 Ore, said in its recent article titled “Foreign capitals choose Vietnam” that Vietnam attracted 24 million USD in foreign direct investment last year, up 31% from 2013. 

Vietnam sticks to goal of becoming an industrialized country by 2020 (photo: tinnhanhdiaoc.vn)

Vietnam’s Gross Domestic Product expanded 6% last year and is expected to grow 6.1% this year. Citing FDI Markets, a service of Financial Times, the paper noted that the main reason why 60 percent of surveyed foreign investors chose Vietnam is the rapid growth of its domestic market, low labor costs, and Vietnam’s goal of becoming an industrialized country by 2020.