A new report published by UK Trade & Investment and Economist Intelligence Unit (EIU) showed Vietnam has been seen as the number one investment destination, beyond the BRICs (Brazil, Russia, India, and China), for the third consecutive year.

 

The ‘Great Expectations: Doing business in emerging markets’ report also said the top three markets for investors in the next two years are thought to be China (20%), Vietnam (19%), and India (18%).

 

The report is based on a survey of more than 520 global executives from every sector. All respondents are already doing business in emerging markets or plan to do so in the next two years.

 

Launching the new report in London, Vince Cable, the UK Business Secretary said: “The balance of global economic power is shifting towards emerging markets and this is recognized in the UK Trade & Investment’s report. UK firms are using their expertise to help promote growth and prosperity in these markets.”

 

Emerging markets are seen as sources of new consumer demand. Asia now makes up 35% of auto sales and 43% of mobile sales globally. 76% of investors believe that the emerging markets are a source for new business growth.

 

(CPV)