A corner of Hanoi

In the survey, conducted online from November to December 2019 by NNA Japan Co., a Kyodo News group company, Vietnam received 42.1 percent of the 820 valid responses, based on factors such as its potential as a growing market and large supply of skilled, low-cost labor.

India was second at 12.2 percent, with expectations for its growing market and its potential as a doorway to the Middle East and Africa among the reasons cited.

Myanmar jumped three spots from the previous year to third place at 11.6 percent, while Indonesia was fourth at 6.6 percent.

China, which appears to have lost its appeal somewhat as an investment location due to concerns about its trade war with the United States and rising labor costs, ranked fifth at 5.1 percent./.

Will Vietnam be sued if it restricts foreign investments in fintechs?

The State Bank of Vietnam (SBV) affirmed that regulations are in line with international commitments, which show Vietnam's management rights in the field of payment services.