Illustrative image (Photo: VNA)Hanoi (VNA) – Vietnam has emerged as an attractive destination toinvestors thanks to its rapid economic growth and high business profits, saidVladimir Potapov, CEO of Russia’s VTB Capital Investments and Senior VicePresident of VTB Bank.
Its geological location, mineral and labour resources have supported Vietnam’seconomic growth effectively, he told the press on September 29.
He highlighted the country’s huge potential to raise profits of businesses andspur the growth of the stock market.
He spoke of Vietnam’s economic reform, with an annual growth rate of 6-7percent and the inflation rate at 2-3 percent.
The population structure, with 41 percent of 94 million people are below 25years ago, has also created favourable conditions for the national economicgrowth, Potapov said.
According to him, Vietnam is one of the important frontier markets and it takesthe country from 1-2 years to reach the status of an emerging market.
The higher status would help Vietnam attract investors who are seeking growthopportunities amidst the sluggish global economy and low interests rates, hesaid./.
VNA
