Vietnam has come first in a ranking of countries for greenfield foreign direct investment in a study carried out by Financial Times data division fDi Intelligence.
The ASEAN country achieved a score of 8.14, more than second place Romania and third place Hungary combined, topping the ranking of 71 economies receiving at least 25 greenfield projects in 2014.
Vietnam attracted over 2,000 greenfield foreign direct investment projects between 2003 and 2014, being new ventures started in Vietnam in which a company constructs operations from the ground up.
A score of 1 in the index means that a country’s global share of inward greenfield FDI matches its share of global gross domestic product. This index shows that Vietnam’s share of inward greenfield FDI projects is more than eight times its share of global GDP. This index is all the more impressive when considering that the Asian Development Bank has forecast Vietnam’s GDP to grow by 6.1 percent in 2015.