I am thinking about the possibilities of investing in Vietnam or other New Emerging Countries. I know that the recent financial debacle has seriously dented the confidence of investors, I would nonetheless think it wouldn't hurt to look into sound investment destinations.
Whenever I watch the news, there is almost a unanimous agreement that we are in a recession, although I don't think we aren't "officially" declared to be in one. The recent crisis has already to closure of factories in China as people in United States cut down on consumption. Before the financial crisis, the BRIC nations (Brazil Russia India China) were the darlings of foreign investors, but at the same time many were complaining that their prices were getting inflated.
Vietnam was considered a new ground for foreign investors, where there were a lot of profits to be made. I don't know exactly what amount I am required to make in order to invest in Vietnam, but as a student, my budget won't be large, but I am going to looking for a long term investment. It is possible that I might not invest at all, and this whole process could end up being an education experience but it would still be worthwhile.
From the few articles I read online, it appears that Vietnam is "closed" to foreign investors, and those who do want to invest have open a bank account "in Vietnam". Now, the articles I read were old, and don't know if the Vietnamese Government updated the rules. So, I am going to have to carry out a thorough research on it.
A few months back, I think it was Goldman Sachs that said Pakistan along with Vietnam and a few other countries would be the next "BRIC" nations. I think it is safe to say that with the current turmoil, and the possibility of Pakistan going bankrupt, it would be advisable to invest elsewhere.
If you guys know of any other non-BRIC nations that could be the next "BRIC" please let me know.
Keys:
Investment, Vietnam, FDI (Foreign Direct Investment), BRIC
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