Vietnam sees new investor optimism

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Many optimistic investors stand ready to inject additional resources into the market and expect to have a better return in the long run, according to audit and business advisory firm Grant Thornton Vietnam.

“Vietnam’s economy still faces many challenges, however, there has been an improvement in macroeconomic stability and some positive signals that the economy has begun to recover. Foreign capital is expected to continue to flow into the country through M&A activities in the coming years,” said Ken Atkinson, Executive Chairman of Grant Thornton Vietnam.

Vietnam was selected as an attractive destination by 54 percent of the respondents, according to a Grant Thornton Vietnam survey conducted during the second quarter of this year among foreign and domestic firms.

Meanwhile, 51 percent of respondents reported plans to increase their allocation of investment funds into the country in the next 12 months.

Some sectors have really stood out, particularly retail, food and beverage, real estate and hospitality. Vietnam’s retail industry proved Vietnam’s most attractive with 52 percent of respondents expressing interest.

Nearly 48 percent of respondents reported having a positive outlook on Vietnam’s economy in the next twelve months. This continues the trend of rising investor confidence in Vietnam’s economy over the previous few quarters.

Vietnam’s economy grew by 5.18 percent year-on-year in the first half of this year, and is expected to increase 5.8 percent for the whole year. Due to low inflation, currently estimated at less than 6 percent, and lower interest rates, 2014 could prove a promising year for private equity investment.

In May, China stationed an oil rig in Vietnamese waters, creating significant political tension between the two countries. Investors raised concerns that the investment environment could worsen if the territorial dispute was not settled in a peaceful manner.

However, after an initial dip, markets returned to normal.

Nevertheless, the economy faces many challenges, including slow reforms in the state-owned sector, non-performing loans and sluggish bank lending. As a result of those issues, 43 percent of respondents said they maintain a neutral outlook for Vietnam’s economic future.

 

 

Source : Thanh Nien News | August 9, 2014

Thomas D’Innocenzi

 

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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