Vietnam most promising Asian investment destination in 2020: Japanese surveyFriday, January 10,2020
AsemconnectVietnam - Vietnam has been tapped by Japanese firms as the most promising place in Asia to invest in 2020, with India and Southeast Asian countries dominating other top spots, Kyodo News cited a survey as showing on January 8.
In the survey, conducted online from November to December 2019 by NNA Japan Co., a Kyodo News group company, Vietnam received 42.1 percent of the 820 valid responses, based on factors such as its potential as a growing market and large supply of skilled, low-cost labor.
India was second at 12.2 percent, with expectations for its growing market and its potential as a doorway to the Middle East and Africa among the reasons cited.
Myanmar jumped three spots from the previous year to third place at 11.6 percent, while Indonesia was fourth at 6.6 percent.
China, which appears to have lost its appeal somewhat as an investment location due to concerns about its trade war with the United States and rising labor costs, ranked fifth at 5.1 percent.
Vietnam to boost GDP growth rate in 2020
Vietnam’s exports of items leading in turnover in first eleven months of 2019
Vietnam’s exports of coffee, tea and cashews
Imports of animal feed and materials in 2019 fell
Vietnam’s exports Singapore up and to Malaysia down
Exports of goods to India reached 6.67 billion USD in 2019
Vietnam’s exports of goods to China and South Korea in first eleven months of 2019
Vietnam’s exports of several items in 2019
Vietnam’s seafood exports and imports in first eleven months of 2019
Footwear exports saw good growth
Tea exports increased in volume and in value
Exports of computers, electronics and components saw growth
Vietnam got 900 million USD of deficit in trade exchange with Australia
Exports of phones and accessories accounted for over 20 per cent of total export turnover