Vietnam is a country with a population of 86.9 million (July 09) people occupying 325.560 sq km of land. The country boasts a literacy rate of 94%. Vietnam registered an average GDP growth of 8% annually from 2004 to 2007 and is one of the fastest growing economies in Asia
|Real GDP growth||2007||2008||2009(E)||2010(E)|
Vietnam offers a spectrum of key elements to enable the country to continue on its economic growth trajectory:
A stable Government that continues to push for economic reforms and is committed to restructure the economy to attract further foreign direct investments to spur the country’s economic expansions.
Vietnam’s economy has shown resilience and has averted a recession despite the recent global economic crisis. The Government has responded quickly and effectively, both in early 2008 to address overheating, and in late 2008 to address the global economic crisis. Together with the strength of domestic retail sales, the diversification of export products and markets, a quick recovery of the construction sector, and the flexibility of the workforce have kept growth positive and recovering quickly. Standard and Poor's assigned Vietnam's foreign currency ‘BB/B’ and ‘BB+/B’ local currency sovereign credit ratings and labeled the long term outlook stable. These developments, taken together with the country's relatively low-wage work force and natural resource base, are convincing motivations for a foreign investor to consider Vietnam as an investment location.
Vietnam’s private and state owned manufacturing facilities employ modern technology combined with high quality, low- cost labor and extremely low start up costs. Vietnam, as both a country and a growing market, has become the new “destination” for progressive foreign enterprises looking to reduce manufacturing costs while maintaining quality, and to obtain rapid return on investment.
Vietnam offers an attractive opportunity for global private and corporate investment, with long-term profit potential.
Wednesday, 22 May 2013
Vinacomin said that it had considered a halt to the Nhan Co bauxite project, but was scared about the major losses in its investment. At a press conference of the group ... more
Wednesday, 22 May 2013
Buildbank, the commercial bank which aims to mobilize capital and lend money in the real estate and construction sector, has been formed up. In 2012, the Ministry of Construction sent a ... more