Investing in Developing Countries Adjacent of China (IDCAC): Vietnam, India, Pakistan

Vietnam Headlines:

1. “Vietnam may be the fastest growing of emerging economies by 2025, with a potential growth rate of almost 10% per annum in real dollar terms that could push it up to around 70% of the size of the UK economy by 2050.”  (Wikipedia)
2. “…Exports during the January-March period will likely reach $18.8 billion, a 29.7% increase from the same period in 2010.” Deputy Prime Minister Nguyen Sinh Hung (WSJ)
3. “Vietnam’s economy could expand at a pace of between 6.5 percent and 7.0 percent this year” (Reuters)

With India and China leading the way, the recent recession has underlined the emergence of Asia as a global economic powerhouse, says an IMF official.  “Based on expected trends, within five years Asia’s economy (including Australia and New Zealand) will be about 50 percent larger than it is today (in purchasing-power-parity terms), account for more than a third of global output, and be comparable in size to the economies of the US and Europe,” IMF director, Asia and Pacific Department, Anoop Singh said.

“By 2030, Asian gross domestic product (GDP) will exceed that of the Group of Seven major industrial economies (G-7),” Singh wrote in the issue of IMF’s Finance and Development.  “Several dynamic economies in the region are generating growth outcomes that register on a global scale and are helping pull the world economy out of recession.  From Vietnam Business News…

Links:

• Vietnam’s Gross Domestic Product (GDP in USD from Google PD)
• “Economy of Vietnam” from Wikipedia
• GDP Country Comparison from Index Mundi
• Map of Vietnam and information from US Department of State
• Tensions between China and Vietnam…
• Vietnam: An emerging economic powerhouse?

More Media Links:

• Vietnomics (published from 2009)
• YouTube: Vietnam on bumpy road to economic power