Vietnam is listed among countries with an average level in business risk, according to the “Foresight 2020” report by the Economist’s Intelligence Unit (EIU), the world’s leading provider of country analysis.
Vietnam’s business risk is lower than Laos, Cambodia, and equal to Thailand, Philippines but higher than Singapore and Malaysia. Meanwhile, as compared to the world’s two fastest-growing economies of China and India, these stand at an average level.
Among the economic industries, the EIU said, the business risk is seen most in finance, tax policies, infrastructure and international trade, despite enjoying much effort from the Government.
The EIU, whose reports seen as a reliable factor for foreign firms to choose investment destinations, also said that security risk in Vietnam is the lowest, explaining that the country has political stability; especially it has further facilitated diplomatic relationship with US and China.
Vietnam’s marco-economic risk is also quite low, just after the security risk and this will be much smaller in the coming time as the country has more open policies when getting a ticket to enter the WTO.
According to the report, Vietnam is forecast to be one of the most dynamic economies in Asia and the world also in the next five years.
The EIU said that Vietnam would rank second in term of economic growth in the world’s biggest continent, just behind China, which tops the list with the estimated rate of 7.8 per cent, but would rank before other ASEAN countries such as Indonesia 5.6 per cent, Malaysia 5.3 per cent, the Philippines 5.2 per cent, and Thailand 4.5 per cent in the next five years.
The five countries that top the world ranking in business risk include Denmark, Switzerland, Sweden, Singapore and Austria and those with highest risk namely Zimbabwe, Uzbekistan, Turkmenistan, Eritrea and Nigeria.
Pioneer
Vietnamese
