Wednesday, August 29, 2012
Investing in Vietnam
New locations are emerging as investment hot spots, Vietnam is one of these places. "In an interview Wednesday, Søren Skou, head of the container-shipping division of Denmark's A.P. Møller Maersk A/S, said the Chinese market is facing fundamental changes. "It's pretty clear China is losing competitiveness in a number of industries," he said, adding that China is "by far the most important market for what we do." Maersk's customers who ship shoes, toys and other labor-intensive goods are increasingly located in countries like Vietnam and Bangladesh, he added." Vietnam is open for investment through the Vietnam market index (VNM). This author is long VNM at $16.75.