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Eurasia Group confident in investments in Vietnam
There's good reason to believe investments in Vietnam will soon bear fruit, says Ian Bremmer, President of Eurasia Group, a global political risk consultancy company having offices in New York, Washington DC, London, and Tokyo.
In an article entitled "The rise of Vietnam "on the Foreign Policy magazine, Bremmer writes: "Vietnam remained politically stable through the tough times" and "the bureaucracy has largely remained committed to reform".
According to Bremmer, investors believe in Vietnam there is stability, not growth at all costs, and they are again buzzing about opportunities in Viet Nam's major cities and its provinces with export zones. Eurasia Group is seeing a spike in interest (Particularly from Japan, the Republic of Korea and the multilateral institutions) in export infrastructure of Vietnam, where the government is now both willing and able to spend more on power generation, roads and rail.
"Outsiders are impressed," writes the Eurasia Group President, adding that "the Prime Minister (Of Vietnam) has kept their confidence by pressing ahead with market-oriented reforms despite the spike in inflation in 2008 and the economic turbulence of recent months."
Bremmers writes that the predictability the Vietnamese government provides will brighten the country's investment outlook, particularly with so much uncertainty in the neighbourhood. He renewed that Japanese and Korean investors, in particular, are looking toward Vietnam, which has never looked sunnier.
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