A recent ranking by U.S. News & World Report has ranked Vietnam eighth among the best ten countries for investment in the world.

In total, nearly 7,000 business decision makers are asked to contribute to the list. The rankings are based on the highest average scores through eight equally weighted factors. These include corruption, dynamism, economic stability, being entrepreneurial, a favourable tax environment, innovations, a skilled labour force, and technological expertise. The nation has risen from 23rd position in last year’s rankings to eighth position this year. With a population of 95.5 million, the country had a GDP of US$223.9 billion in 2017.

Uruguay was ranked as the best country in the world to invest in, a dramatic rise of 12 positions from the 2018 rankings. The South American nation has a small population of just 3.5 million, with a GDP of US$56.2 billion in 2017.

The second spot went to Saudi Arabia who consistently enjoy a strong performing economy, making it an attractive and promising destination for foreign direct investment. With a young population of 32.9 million, the Middle Eastern country had a GDP of US$683.8 billion in 2017.

Costa Rica is viewed as having the world’s eighth-best tax friendly environment, according to the latest rankings. The Central American nation took third spot with a population of 4.9 million and a GDP of US$57.1 billion in 2017.

The 2019 list saw Luxembourg in fourth, largely due to having the world’s most favourable tax environment. The Central European micronation has a population of 599,400 and a GDP of US$62.4 billion in 2017.

India rose from ninth position in last year’s list to fifth position in this year’s ranking. With a huge population of 1.3 billion, India had a GDP of US$2.6 trillion in 2017.

Poland fell to sixth position on this year’s ranking, having previously been ranked in third last year. With an estimated population of 38 million and its GDP was US$524.5 billion in 2017.

Qatar is ranked seventh, one place higher than Vietnam. The Middle Eastern state has a population of 2.6 million and a GDP of US$167.6 billion.

Climbing from 21st spot, Slovenia surprisingly made it to ninth position in this year’s rankings. The European nation has a population of 2.1 million and had a GDP of US$48.8 billion in 2017.

Chile takes the 10th position, a total of 10 places higher from last year’s list. The South American country has a population of 18.1 million with a GDP of US$277.1 billion.

( VNF/VOV )