The new roaring dragon!
Any growing economy is ought to be mentioned (at least somewhere) as New China, and Vietnam is no exception.
Since90s Vietnam had been the second fastest growing economy, just after China (again!). What’s more, it is poised to clock an annual growth of 8%-10% upto 2015. Playing upon the ‘de-risking card’, it is attracting investments from MNCs that are hesitant to invest more in the capricious China.
This once war-torn economy now has GDP accelerating at 8.5% annually. From Intel to Microsoft , most of big IT players are pumping huge amounts of money. The State too is leaving no stone unturned to lure the investors as is witnessed in the enactment of bankruptcy and intellectual property laws in the recent periods. To support the investment drive, the infrastructural development is also taking place at an unprecedented pace, wherein the government is investing around 10% of GDP on infrastructure. Vietnam’s competitive advantage over China has been its English speaking young population whereby the youngsters are not only well educated but employable. Moreover, the domestic market for soft ware and technology services has been instrumental in creating a successful outsourcing market. This had made Vietnam shift its headlines from political pages of newspaper to business pages.
Since90s Vietnam had been the second fastest growing economy, just after China (again!). What’s more, it is poised to clock an annual growth of 8%-10% upto 2015. Playing upon the ‘de-risking card’, it is attracting investments from MNCs that are hesitant to invest more in the capricious China.This once war-torn economy now has GDP accelerating at 8.5% annually. From Intel to Microsoft , most of big IT players are pumping huge amounts of money. The State too is leaving no stone unturned to lure the investors as is witnessed in the enactment of bankruptcy and intellectual property laws in the recent periods. To support the investment drive, the infrastructural development is also taking place at an unprecedented pace, wherein the government is investing around 10% of GDP on infrastructure. Vietnam’s competitive advantage over China has been its English speaking young population whereby the youngsters are not only well educated but employable. Moreover, the domestic market for soft ware and technology services has been instrumental in creating a successful outsourcing market. This had made Vietnam shift its headlines from political pages of newspaper to business pages.
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India
Labels: Business College Ranking India BBA Institute India, IIPM, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New
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