Moneybox Goes to Vietnam

[tungsteng]

Vietnam seems on the boil, like the pots at the ubiquitous pho stands. (Idea for franchise: Best Little Pho House in Saigon.) For the last few years, the economy has grown at an 8 percent clip. Through the first three quarters of 2007, domestic private-sector investment was up 28 percent, and foreign direct investment rose 38 percent. Earlier this year, Vietnam formally joined the World Trade Organization. The stock market is booming. At the end of 2005, according to the World Bank, 41 firms with a combined market capitalization of $1 billion were listed. At the end of September, the Vietnam markets claimed 206 listed firms with a combined capitalization of $22 billion. The percentage of citizens living on less than $2 a day has fallen from 63.5 percent in 2000 to about 33 percent this year. "We have been totally able to alter the face of our country," said Deputy Prime Minister Pham Gia Khiem...
http://vietstocknews.blogspot.com/2007/11/moneybox-goes-to-vietnam.html