VietNamNet Bridge – Vietnam is now one of the world’s top ten destinations for foreign investments, according to recent rankings published by the US consultancy group, AT Kearney.
Kearney said that the improvement in Vietnam’s rankings is thanks to its booming information technology industry, underlined by the opening of a centre in Ho Chi Minh City by Russia’s IT Luxoft company to provide IT services. It also said that its new position is likely to pose changes to Vietnam which is essentially known as an exporter of rice, coffee and rubber. Norbert Jorak, AT Kearney policy council executive director, said foreign companies have been attracted by the country’s low production costs. He said a high ranking on the list means that Vietnam will become even more commercially attractive next year, especially in the context of the on-going global economic recession.
According to AT Kearney’s latest list of 50 countries and territories which are the most attractive for foreign investments, Vietnam has outdone Brazil, Mexico and Sri Lanka in the field of IT contract supply. Other top-rated countries in this sector include India, China, Malaysia and Thailand. 
VietNamNet/VOV
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