Viet Nam's accession to the World Trade Organisation (WTO), together with its stable political and social situation, and propitious investment environment, have put the country in the first place for investment to many foreign financial investors in 2007.
According to David G.Fernandez, managing director of the Singapore-based JP Chase Morgan Bank, Viet Nam will top the bank's investment priority this year.
The year 2007, he said, will witness considerable changes in the capital market of Viet Nam with an increase in the number of companies joining the securities market.
He forecasted that Viet Nam's Gross Domestic Product (GDP) in 2007 will increase by 0.1-0.3% from the registered level of 8.2% in 2006 and the value of the Vietnamese Dong will rise 0.5% in comparison with that of US$.
Viet Nam, however, should perfect its legal system and equitise more state-owned enterprises so as to meet the increasing demands of securities investors, said the manager.
Sharing the same optimistic view about Viet Nam, the Director of the UK's Dragon Capital, Dominic Scriven, one of the leading foreign experts in Viet Nam in terms of capital mobilisation and investment consultancy, asserted that he found a stable and potential investment environment in Viet Nam.
According to Dominic, many foreign investors also agreed that Viet Nam boasts more secured environment and larger potentials than other countries in the region.
The Dragon Capital's asset and investment capital in Viet Nam currently amount to 800mio US$, including stocks of nearly half of the listed companies.
Source: VNA
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