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VN one of most promising frontiers

Update: February, 16/2012 - 10:40

HA NOI — Viet Nam takes the lead among the top 15 Most Promising Frontier Markets in the world, according to a recent edition of Bloomberg Markets Magazine.

The assessment and analysis of global markets was based on the following criteria: investment environment, GDP growth, public debt and advantages for business.

Among the less developed economies that have yet to achieve emerging status, Viet Nam was the only East Asian country to be listed, reported the magazine.

The United Arab Emirates came in second place while Bulgaria and Romania tied for third place.

Viet Nam made the list primarily because of its rapid GDP growth, which is expected to exceed 3 per cent by 2016, a rate that rivals China and India.-VNS

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