Vietnam is ranked the first in the list of the ten most attractive new emerging markets with high economic growth rate in the world, said a United Kingdom Trade & Investment (UKTI)’s report.
According the report, these ten markets are Vietnam, Mexico, the United Arab Emirates, Ukraine, Indonesia, Singapore, Poland, South Africa, Argentina and Saudi Arabia.
The report entitled Tomorrow’s Markets was revealed at the Emerging Markets Summit 2008 held in London on September 23-24, which attracted over 250 CEOs and leading economists from British businesses.
The UKTI said investors from the UK should pay more attention to emerging markets which owns many untapped potentials, besides pouring further investments into BRIC block (Brazil, Russia, India and China), particularly China and India.
In addition to the BRIC, Vietnam is appearing as the most attractive new emerging market due to low cost base and sizeable population, said the UK Minister for Trade and Investment Digby Jones.
Earlier, the UK’s Financial Times named Vietnam among appealing markets for foreign financial investors.
The UK is the biggest among EU donors to Vietnam and ranks third among European investors with US$1.4 billion in FDI.
Large businesses from the UK have been doing business in Vietnam, mainly in key industries such as oil and gas, finance-banking, and telecoms.
The UK is one of Vietnam’s important partners from the EU and is among Vietnam’s top ten export markets.
In 2007, bilateral trade stood at US$1.8 billion, including Vietnam's trade surplus of US$1.5 billion. (VNA, The People)
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