SCMP praises Vietnam’s political stability
(VOVWORLD) -
Vietnam has become a hub for foreign direct investment within the past decade, reported the South China Morning Post.
 Smart phone manufacturing at Samsung Electronics Vietnam. (Photo: Anh Tuan/VNA) |
The paper said Vietnam has witnessed a steady compound annual growth rate of 10.4% between 2013 and last year’s record high of more than 16 billion USD, an 81% increase overall.
Vietnam’s implementation of business-friendly investment policies and industrial zones, as well as its ample supply of young workers, has helped attract FDI from other nations with Japan one of the new investors in Vietnam’s large energy sector, the paper said.
A major contributor has been Samsung, which is thought to have invested around 17 billion USD in the country since 2008. The appeal of a stable political environment cannot be underestimated, it said.