Vietnam - most attractive new emerging market: UKTI

Vietnam is seen as the most attractive new emerging market, topping a list of 10 tomorrow’s high growth markets, said a United Kingdom Trade & Investment (UKTI)’s report.

According to the UKTI, the priority markets for future expansion are Vietnam, Mexico, the United Arab Emirates, Ukraine, Indonesia, Singapore, Poland, South Africa, Argentina and Saudi Arabia.

The report on Tomorrow’s Markets was revealed at the Emerging Markets Summit 2008 held in London on September 23-24, which drew more than 250 CEOs and leading economists from British businesses. They discussed and gave forecast on opportunities and risks in business and assess impacts of economic growth and political trends in the markets.

The report showed there are plenty of exciting investment destinations for tomorrow’s investors. On the other hand potential investors could considers a deeper drive into the BRIC (Brazil, Russia, India and China) markets, especially China and India. But beyond the BRICs, a new wave of relatively untapped markets are emerging offering huge potential for investors.

Beyond the BRICs, Vietnam was shaping up as the most attractive new emerging market due to low cost base and sizeable population, according to UK Minister for Trade and Investment Digby Jones.

The report also said that the economies in the 10-emerging market list made progress in market reforms, trade liberalisation and governance, important factors for investors to consider their investment.

(Source: VNA)