Tranquility after turbulence...

MANAGEMENT GURU

Of late, Vietnam is gaining a lot of attention from across the world. The recently gained WTO membership and the visit by Goldman Sachs CEO Lloyd Blankfein are symbolic of the burgeoning potential. With its PM Nguyen Tan Dung expressing tremendous optimism about Vietnam’s prowess at the World Economic Forum, the country is quickly moving to the centre stage

“We believe that capital markets development is the next stage of Vietnam’s economic evolution,” stated Lito Camacho, Vice Chairman, Credit Suisse, Asia-Pacific on December 14, 2006, when the financial services provider was granted Securities Trading Code Certificates by the Vietnamese Securities Depository. This clearly highlights the role that the Vietnamese economy will play in shaping up the global economy in the near future. This was followed by the sumptuous double-scoop from Lloyd Blankfein, who heralded Vietnam as an upcoming economy (after the BRICS nations) that has attracted positive investor sentiment from across the world.

And the icing on cake is that Vietnam – which, of course, is the fastest growing economy after China in South East Asia – became the 150th member of WTO in January this year. While its government has clearly acknowledged India as a natural ally, the Vietnamese Ambassador to India, Vu Quang Diem, has urged India Inc. to grab the opportunities that the Vietnamese economy would bring forth.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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