VIETNAM TO BE ASIA"S 2ND LARGEST GLOBAL ENTERPRISE: SWISS BANK

BERLIN, Apr 07, 2008 (AsiaPulse via COMTEX) -- -- Switzerland's banking giant 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 per cent over the past decade, Credit Suisse said, adding that in the past three years, the countrys GDP growth ranked third in the region, just after China and India.

(VNA)

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