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Vietnam among world top ten investment destinations
Vietnam is now in the world’s top ten destinations for foreign investments, according to the recent rankings by the US consultancy group, AT Kearney.
According to AT Kearney’s latest list of 50 countries and territories which are the most attractive for foreign investments, Vietnam has outdone Brazil , Mexico and Sri Lanka in the field of IT contract supply. Top countries in the field include India , China , Malaysia and Thailand .
Kearney said the improvement in rank of Vietnam is thanks to its booming information technology industry, especially the opening of a centre in Ho Chi Minh City by Russia ’s IT Luxoft company to provide IT services.
It also said that the new ranking is likely to create changes for Vietnam which is essentially known as an exporter of rice, coffee and rubber.
Norbert Jorak, AT Kearney policy council executive director, said foreign companies were attracted by the low production cost of Vietnam .
He said a high ranking on the list means that Vietnam will become a commercial attractive destination next year, especially in the context of the on-going global economic recession.
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