A survey conducted by the American Chamber of Commerce in Singapore says Vietnam, despite its recent economic problems, remains a magnet for American companies.
But American companies have some catching up to do: Japan is Vietnam’s biggest investor — with total registered investment capital exceeding $4 billion, which accounts for slightly more than half of total foreign direct investment in Vietnam. Samoa and South Korea rank second and third, respectively.
Foreign investment is higher in provinces just north of Ho Chi Minh City than in either that city or Hanoi — both of which also rank behind the northern port city of Haiphong.
The AmCham survey found 57% of 350 leaders of US companies operating Asia plan to expand their operations in Vietnam whereas only 6% expect to do so in Indonesia and 11% in Thailand. And 82% expect an increase of profits next near in Vietnam.
More on American investment in Vietnam