Tai Hui, Standard Chartered Bank’s regional head of research in South East Asia, at VNR500 summit 2009 in Ho Chi Minh City last week said Asian consumption had become the driver of the world’s economy thanks to the stable growth of India and China within the crisis. He said Vietnam could join the big two in sustaining foreign and local businesses’ expansion plans while prospects outside the region remained unfavourable. 

    Tom Herron, Ernst and Young Vietnam’s director of transaction advisory services, said commodity production, construction, pharmaceuticals, real estate, hospitality services and tourism would offer fertile ground to dig into the Vietnam market. Herron said: “No matter what area you [businesses] will be in, just make sure that you need to be demand-oriented so as to supply better products and services or whatever that consumers have not found in Vietnam.” 
    Hui said Vietnam would see investment flows from China and India.

    As western investors were busy dealing with the financial crisis, Chinese and Indian ones had increased overseas investment to offset their saturate and high-competitive investment markets at home, Hui said, adding that this new investment wave would support Vietnam’s economy, with Korean and Taiwanese investors already digging in. “Things are getting hot inside Vietnam but still cool in external market,” Hui said.

Source: Source: VIR