Malaysia Ranked world top 20 most attractive at Foreign Direct Investment (FDI)
The recent ststistics have indicated that Malaysia ranked No. 14th as most attractive countries for foreign direct investment (FDI), according to the World Investment Prospects Survey 2007-2009 FDI by the United Nations Conference on Trade and Development (UNCTAD).
The two largest Asian economies- China and India emerged in the top two positions, followed by the US, Russia, Brazil, among the top five destinations.
Among the Southeast Asian countries, Malaysia was the third favourite FDI location, after Vietnam and Thailand, which was placed 6th and 12th in the overall ranking.
The Southeast Asian region remained a preferred destination for FDI, with five out of 20 countries among the top 20 selected countries, including Indonesia in 15th position and Singapore in 16th spot.
Others in the top 20 are Britain (7th), Australia (8th), Mexico (9th), Poland (10th), Germany (11th), France (13th), Italy (17th), Ukraine (18th), Japan (19th) and Canada (20th).
The survey, which was based on192 respondents among the largest transnational corporations (TNCs), covered factors deemed important considerations for FDI. Of which, access to large and growing markets emerged to be a key determinant of FDI growth, being cited by more than half of TNC respondents. Access to resources, in particular skilled workforce was the next major consideration, being mentioned by 17% of the respondents, followed by access to low-cost labour based on feedback by 9% of the respondents.
Read the rest of this entry »
posted by Christopher in Malaysia | 0 Comments
