VINACHEM

Grant Thornton Vietnam , an auditing and consultancy company, has said that 87 percent of foreign investors polled in its recent survey prefer Vietnam over other investment destinations, 20 percent increase against the figure in the previous survey.

According to the survey, which was conducted in the second quarter of this year among those who already decided to invest in Vietnam or are very interested in the Southeast Asian country, 81 percent out of 200 respondents gave positive assessments on Vietnam’s economic prospect, much higher than the 59 percent and 36 percent levels of the two previous ones carried out last year.

The participants said that education and retailing are the most attractive investment fields in Vietnam. Meanwhile, oil and gas and natural resources are the least attractive.

Ken Atkinson, Grant Thorton Vietnam’s managing director, said this is the third consecutive survey showing that retailing is the most attractive business field in Vietnam. He added that with the increasing growth rate of Vietnam's retail market foreign investors would have to compete with locals companies for market share.

According to the investors, corruption and investment procedures along with legal system are the leading obstacles to invest in Vietnam. Infrastructure, which used to be the top concern for investors in previous survey, drops to the fourth place on the list of worries this time./.

(Source: en.vietnamplus.vn)