Swiss bank: Vietnam to become Asia?s second largest ?global enterprise?

Berlin, Apr 04, 2008 (Asia Pulse Data Source via COMTEX) -- -- ? Switzerland?s banking corporation Credit Suisse has reported that Vietnam will become the second largest ?global enterprise? in Asia.

Thanks to structural reform, political stability, pricing advantage, low costs, and younger population in Asia, Vietnam has become extremely attractive, especially after it joined the World Trade Organisation (WTO) in November, 2007, Credit Suisse said in its news network.

Vietnam now belongs to those countries whose market economy has highest growth rate, it added.

Vietnam has developed into a market-oriented economy from the planned one. After joining the WTO, Vietnam has enjoyed an easier approach and integration into the world market, thus helping the country increase its exports.

Vietnam?s average annual GDP increased by 7.1 percent over the past decade, Credit Suisse said, adding that in the past three years, the country?s GDP growth ranked third in the region, just after China and India. ?

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