Vietnam Better than China for Manufacturing Investment
Vietnam has outstripped China to become the most attractive location for manufacturing investment, according to a new emerging-market index to be launched by PriceWaterhouseCoopers this week.
China comes second to Vietnam and is followed by Poland, Chile, Malaysia, Thailand, India, South Africa, Hungary and Saudi Arabia.
The international consulting firm’s index assesses 20 prominent emerging markets based on “reward” factors, including production costs, market size, taxes, transport costs and tariffs, and “risk” factors, largely defined by bond-market risk premiums.
According to the index, Vietnam is highly cost-competitive though risks are also relatively high.
"India and China are undoubtedly important markets but Vietnam and Malaysia are now serious rivals," the UK's Sunday Times quoted PriceWaterhouseCoopers’ head of emerging markets, Ian Coleman, as saying.
The United Arab Emirates has also surpassed India to become an ideal place for investment in services. (Times Online, VNA, Thanh Nien Online)
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