UNCTAD: Vietnam leads Asia in attracting FDI

The United Nations Conference of Trade and Development (UNCTAD) also highlighted Vietnam opening up retail market earlier this year and introducing new tax policies aimed at turning round poor provinces in the Mekong Delta with low-cost production centres.

The UNCTAD reported that last year the world saw a decrease of 21 percent in FDI, however, FDI into Asian and Oceanianic countries fell by only 2.2 percent. In Asia, FDI attraction decreased in Japan, the Republic of Korea, Singapore, Thailand and the Philippines while it increased in China, India, Indonesia, Malaysia and Vietnam.