Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >>  Economy  >>  Vietnam in Goldman Sachs’ high-growth list
NEWS UPDATES 22 January 2010

Vietnam in Goldman Sachs’ high-growth list

Related Stories

January 11, 2010
Vietnam banks to tighten consumer loans in 2010

December 3, 2009
Vietnam: Central bank ready to stabilise dong

November 30, 2009
Vietnam’s central bank to raise basic rate to 8%

November 28, 2009
Vietnam: Devaluation effect on economy yet to be seen

November 27, 2009
Cheaper Vietnam dong alarms rival exporters

November 16, 2006
Korean bank sets up subsidiary in Vietnam

November 15, 2009
Vietnam: Strong dollar keeps importers worried

US Bankers Goldman Sachs has put Vietnam in a group of 11 countries with the highest growth rates – stating that Vietnam continues to be a good destination for investors, reported

It’s believed this conclusion, alongside other recent good press for Vietnamese industry will boost investment.

A number of existing foreign investors in Vietnam are putting programmes in place to expand businesses in Vietnam following the post-crisis period. Investors of many projects, which once were delayed by the global economic crisis, have committed to re-start in the first quarter.

After a period of relative inactivity, Nguyen Hoai Nam, general director of Berjaya Vietnam, has revealed that a $930 million project in the Vietnam Finance Centre in District 10 in HCM City will start construction in the first quarter of 2010.

In Ba Ria-Vung Tau in the south, the US investor behind the Saigon Atlantis Hotel project capitalized at 4.1 billion dollar has also committed to starting up in the first quarter after leaders of the province allocated 80 hectares out of a total 295 hectares for the project

However, retailing is the business field that has received the most attention from foreign investors.

Tham Tuck Choy, general director of Parkson Vietnam, said that the business results of Parkson Vietnam in 2009 was the best among Parkshon’s chain with the turnover growth rate of 30 percent per annum. Meanwhile, the figures are just 10-15 percent in Malaysia and China.

“This encouraging result has prompted us to make further investment. The fourth Parkson trade centre in HCM City was opened in late December 2009, which is the sixth one in Vietnam to set up over the last five years.

Meanwhile, domestic investors are also hurrying to prepare for the post-crisis period, and are expecting to cooperate with foreign investors as they arrive.

The Saigon Investment Group (SGI) in 2009 started the construction of the Saigon-Chan May non-tariff Industrial Zone in Thua Thien-Hue province, which covers an area of 650 hectares and kicked off the 100,000 square meter workshop complex in Can Tho City.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand