Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Creator Capital Ltd Ord CTORF

"Creator Capital Ltd operates in the electronic gaming and multimedia industry. The company offers in-flight gaming software systems and services by developing, implementing, and operating computer based gaming softwares."


GREY:CTORF - Post by User

Post by warrenbuffet99on Nov 06, 2001 2:04pm
143 Views
Post# 4375084

World Bank Bullish On Vietnam

World Bank Bullish On VietnamWorld Bank bullish on Vietnam exports HANOI - Vietnam's exports should remain strong next year despite the spreading global economic gloom, estimates the World Bank in a report titled "Vietnam Economic Monitor". "Though it is difficult to forecast export earnings growth in 2002, a year of great uncertainty for the world economy, there are at least three factors that augur well for Vietnam's export prospects," the report says. First, the bank points out, the ratification of the Vietnam-US Bilateral Trade Agreement and its implementation by the end of this year mean that the nation will have "normal access" for the first time to the large US market. As well, tariffs slapped on Vietnamese goods there will come down from about 40 to 4 percent, which means that despite a weakening US economy, Vietnam may see growth in exports to this market, especially if a lower-price niche for manufacturers can be developed. The second window of opportunity for Vietnamese exports may open up in China. That country is not only the fastest-growing economy in the world, but is also set to open up more to imports after its accession to the World Trade Organization. "Vietnam has demonstrated considerable ability to push export volumes of products such as agricultural crops, seafood and garments despite weakening external demand," the report says. "The Chinese market should present a good opportunity to continue along this line." The third key factor identified by the bank is that Vietnam has announced a multiyear reform program that is expected to facilitate entry of private enterprise into export trade and production and help reduce export costs. But export earnings growth may not continue at its earlier breakneck speed, the report warns - it could be as little as 7 percent this year compared with 25 percent in 2000. Falling world prices of oil and agricultural commodities - comprising nearly 40 percent of total exports - will actually lead to declines in earnings from them. But vegetable and fruit (comprising 17 percent of agricultural exports) and seafood (about 10 percent of non-oil exports) are expected to post double-digit growth. Manufactured goods are expected to perform poorly, rising by a mere 1 percent, because of a crash in the volumes of footwear, electronic and computer items. Garment exports are expected to grow by 8 percent, the same as last year. The World Bank report estimates inflows of foreign investment to be about US$1 billion in 2001. Europe in the past two years has become a significant source, especially the United Kingdom, France and the Netherlands. "We expect a pullback in private capital flows to emerging markets - including East Asia - due to September 11 and its aftermath," the World Bank says. "Vietnam is not only vulnerable to the fall in the overall availability of foreign investment for emerging markets but also to economic weaknesses in specific countries that have been the major investors." Thus recessions in Singapore, Taiwan and Japan and slowdowns in Hong Kong, South Korea and Malaysia will depress foreign investment inflows further. "But it is quite possible that these investment sources may find Vietnam a more stable and safer place for their funds in this region than many other countries where the risk of instability looms," the World Bank concludes.
<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse