Vietnam remains attractive investment destination in APEC
Tuesday, November 20,2018AsemconnectVietnam - Vietnam has been considered the most attractive investment destination in the Asia-Pacific Economic Cooperation (APEC) region for the second consecutive year, according to the latest survey by PricewaterhouseCoopers (PwC).
Despite the escalating trade war between China and the US, APEC leaders showed strong confidence that their revenue will increase over the next 12 months.
Business leaders from the US and Thailand are more upbeat (57% and 56% feeling ‘very confident’, respectively), while respondents in China and Mexico, two of the largest trading partners for the US, are below the APEC CEO average (25% and 21%, respectively).
Meanwhile, 33% of respondents in Vietnam say they are ‘very confident’ about prospects for short-term growth for their companies, while 48% of other respondents are ‘relatively confident’.
With strong confidence in revenue growth, 51% of business leaders in APEC economies have planned to increase their investment levels up to more than 43% from two years ago.
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