Vietnam continues to be attractive investment destination

Despite Vietnam’s strong economic recovery in 2009, inflation is still threatening to raise its ugly head, warned Germany’s EMFIS news network last weekend.
Since early this year, the country’s stock market has developed well with transactions in the VN-Index rising by 8 percent to 534 points, the highest increase in Asia, said EMFIS.
Vietnam’s strong economic recovery is due to many reasons. Firstly, the Vietnamese government has made some adjustments to make transacting stock easier. Gold transactions have also been suspended until late March.
Regardless of the global finance crisis in 2009, Vietnam’s Gross Domestic Product (GDP) increased by 5.32 percent against 6.18 percent in 2008.
In 2009, the amount of money banks loaned rose by 38 percent compared to the previous year, especially in the field of construction which was a great help to the domestic economy.
EMFIS described Vietnam as one of the few countries, including China and India, which have overcome the finance crisis without feeling the crunch
It predicted that in the medium term, Vietnam would continue to be one of countries to receive more attention from foreign investors and a wave of privatisation awaits while modernisation and urbanisation incessation incessantly develops. International investors are still planning to keep on pumping billions of US dollars into the country’s economy in the near future, EMFIS added.