Hanoi (VNA), July 13 -- The US website Seeking Alpha has described Vietnam as the preferred destination of foreign capital in recent years with annual economic growth of 7 percent, twice as much as the world average.

While agriculture continues to be a dominant source of employment, much of Vietnam's economic growth in the recent past has been driven by the services and industrial segments, according to the website.

One of the reasons that make Vietnam more attractive than other countries is its labour costs, which are half that of China and also considerably lower than its other manufacturing competitor - Mexico.

Seeking Alpha said Vietnam's dominance lies in the electronics manufacturing (36 percent) followed by footwear. Some notabl...