Vietnam’s investment environment has become more favorable over the first half of the year, according to a biannual survey on the country’s private equity outlook done by Grant Thornton Vietnam.
The survey found 41 percent of respondents saying they feel Vietnam is a more attractive place to invest compared with other destinations, an increase of 14 percent over the previous survey.
The proportion of respondents who decided to increase their investment in Vietnam has risen significantly from 29 percent in the last quarter of 2011 to 45 percent in the second quarter this year.
Regarding investment obstacles, 82 percent of the respondents considered corruption and red tape as problems when investing in Vietnam, with the latter showing an increase of 10 percent compared to the previous survey.
Business transparency emerged as the second most important factor in making investment decisions, followed by cash flow, corporate governance, and management skills and experience, according to the survey.-