Emerging market investors are shifting over to a new group of destination countries, including Viet Nam, as returns from their businesses in BRIC economies that group Brazil, Russia, China and India are now shrinking.
According to the Infobaeprofesional website in Argentina, aside from South Africa, Turkey and Argentina, the countries that have been named as investment portfolios for a long time, Viet Nam and Indonesia are now beginning to come grab investors’ attention.
Samarjit Shankar, global strategy director at Bank of New York Mellon in Boston said though his favourite market is Brazil, Viet Nam is still the country with the highest potential.
“Viet Nam seems to be the one with more room for growth and that may attract the investors,” Shankar was quoted by the website as saying.
The term BRIC was first used in an economic paper by analysts at Goldman Sachs in 2003 to indicate economies that were developing at a pace reckoned to allow them to outstrip most of the richest countries in the world by 2050.
Source: VNA
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