This is one of the findings in the “Survive and Prosper: emergingmarkets in the global recession” report which was newly-published bythe UK Trade & Investment (UKTI) publication.
The report was based on a survey of more than 540 high-level businessexecutives from across 19 business sectors, for which over 40 percentof those interviewed work for companies headquartered in emergingmarkets.
It showed that despite the economic downturn, emerging markets haveoutperformed those of developed countries in 2009 and are supportingglobal profitability, which is partly thanks to the continued highgrowth and market size of China and India .
Up to 45 percent of respondents in the survey cited China as theirfavoured future investment destination, 43 percent cited India and 35percent cited other Asian destinations.
Half of the top ten emerging markets that are prioritised by globalenterprises in the next five years are in Asia, including Vietnam,which has held the top position in both 2008 and 2009 surveys, as wellas Malaysia, Indonesia, Singapore and the Philippines. The otherdestinations include the United Arab Emirates, Mexico, South Africa,Turkey and Saudi Arabia.
In its September 17 press release, UKTI gives a positive review ofVietnam’s economy whose GDP has doubled every 10 years since 1986 andits personal income levels have increased ten-fold since 1986.
The UK ranks as Vietnam’s third-largest European Union investor (afterFrance and the Netherlands ) with 109 projects with a registered totalvalue of 2.04 billion USD.
UKTI is a government organisation that helps UK-based companies succeedin the global economy through the provision of knowledge, marketconsultancy and other practical support./.