From BRIC to VIC


3fives (555)

http://www.ukti.gov.uk/de_de/uktihome/pressRelease/117708.html?null

Among the top findings from an UK investment survey (Economist Survey Unit – above), Vietnam, India and China (VIC) are the top three to watch. Other findings by HSBC came up with CIVETs (remember BRIC?): Columbia, Indonesia, Vietnam, Egypt, Turkey and S Africa as stable political markets (as of this edit, you can take out Egypt).

Vietnam itself has held top spot three years in the row (ending in 2010).  It’s GDP growth has teetered above 6 percent, despite the Global Recession we all know too well.

While developed countries move toward a post-consumerism stage, Vietnam barely starts shopping (the size of its supermarket shopping carts says it all – half the size of the likes in Walmart and Costco).

76% over 23%  of  surveyed companies say they plan to adjust (localizing) their product offerings to domestic market as opposed to just offshoring for cost-saving .

IT…

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