More and more investors and large economic groups have shown interest in the Vietnamese market due to the success of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in November.

A survey conducted by PWC revealed that 62 percent of the world’s 1,400 leading CEOs who attended the APEC event plan to expand their business in Vietnam in 2018.

Some 47 percent of the foreign investors said they plan to invest more in the country in the next 12 months.

Vietnam has become one of the four leading APEC economies in international investment attraction. The country is forecast to be among the countries with the highest GDP growth for years.

This position is attributable to the country’s large amount internet users, and dynamic and studious young people, who have been described by researchers and CEOs as valuable resources for the country.

Vietnam also boasts geo-economy and geo-political advantages, with US President Donald Trump saying Vietnam is located in the heart of the Indo-Pacific free trade area.

Speaking at a recent conference on post-APEC and impacts on Vietnam’s industry, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said APEC 2017 reached consensus on facilitating trade liberalisation and globalisation.

He noted that APEC 2017 also affirmed the role played by the private sector, saying the facilities used by the more than 11,000 delegates to the event were provided by different economic sectors.

The Vietnamese Government is making every effort to turn the country into one of the four ASEAN nations with the most friendly investment environment, he said.

In a meeting with domestic and foreign investors, Prime Minister Nguyen Xuan Phuc said it is the business circle which has shaped Vietnam’s economy and trade, the official stressed.

According to Loc, APEC has also affirmed micro, small-and medium-sized enterprises (MSMEs) as drivers of the economy.

He underlined the need for both big enterprises and MSMEs to restructure, set forth visions, fulfil their social responsibilities and ensure sustainable development.

Source: Vietnamplus