Investors in emerging markets are turning their investment into a new group of countries, including Vietnam, as they obtain fewer returns from their businesses in BRIC economies of Brazil, Russia, China and India, said Infobaeprofesional website in Argentina.
Samarjit Shankar, global strategy director at Bank of New York Mellon in Boston said though his favorite market is Brazil, Vietnam is a market with the highest potential for investors.
Vietnam may lure much more foreign investors in the near future for its very impressive economic growth; the website quoted Shankar as saying.
The term BRIC was first used in an economic paper by analysts at Goldman Sachs in 2003 to indicate economies that were developing at a pace reckoned to allow them to outstrip most of the richest countries in the world by 2050.
While UK's Sunday Times in a recent new emerging-market index said that Vietnam outstripped China to become the most attractive location for manufacturing investment.
The index, based on production costs, market size, taxes, transport costs and tariffs, and “risk” factors, largely defined by bond-market risk premiums, showed that China comes second to Vietnam and is followed by Poland, Chile, Malaysia, Thailand, India, South Africa, Hungary and Saudi Arabia.
Foreign direct investment (FDI) into Vietnam reached the high record of US$10.2 billion last year is good sign for the attraction of the Southeast-Asian market.
The nation expects to make a new record this year with US$16 billion in FDI, which may be obtainable as a large number of projects worth up to ten billions of US dollars are waiting for the country’s permission. (VNA)
Vietnamese
