Executives from some of the biggest companies in South Korea have ranked Asian cites for their investment environment, with Hanoi and Ho Chi Minh City cracking the top spots.
According to a survey released by a Korean government agency Monday, both the Vietnamese cities are loved by the corporate execs. The Korea Institute for Industrial Economics and Trade has asked them to evaluate some of the most popular investment destinations of Korean companies in the region, including Delhi, Mumbai, Shanghai, Chengdu and Jakarta.
Hanoi has been named the top investor-friendly city with a score of 3.86 out of five, thanks to a sizable domestic market and high growth potential, local media reported.
Ho Chi Minh scored 3.81, followed by Chengdu with a score of 3.52. More than 22 percent of the respondents said Ho Chi Minh has high quality manpower and a large reserve of workers.
Among the respondents, 53.7 percent expected the investment climate in Hanoi to improve. The corresponding number for HCMC was 51.6 percent.
South Korea has been leading foreign direct investments in Vietnam in recent years, including a US$2-billion plant by Samsung Electronics at Ho Chi Minh's Hi-tech Park, whose production is expected to start late this month.