Business Advice: Which emerging market may be right for you
In this business tv show, to find out what you need to look at when choosing an emerging market to move in to, we talk with Ian Coleman, Partner and Head of Emerging Markets at PricewaterhouseCoopers UK, and then we cross the Atlantic to talk with Asia business specialist Chris Runckel, President of Runckel and Associates. Ian Coleman: when people talk to me emerging markets one of the things I find most common as a misconception that they’re all the same, that the fact that they’re emerging defines in some way their status and their institutions and their sort of profiles are some how homogenous, and they’re not. Chris Runckel: Increasingly we’re seeing companies that are coming to us that are fed up or really wanting to find a country place to produce where they don’t have the problems that they’ve experienced in China. A lot of these companies, at least in our experience right now are picking Vietnam as a location. It’s about one half the cost in terms of labour so for projects that have a lot of labour content and these would be like textile companies, toys often times plastic companies etc for these types of items Vietnam can be a very good choice. In China there’s been really lots of difficulty in developing the internal market there. The people save in a much higher rate than say in India where in India the consumers are much more willing to expand so you have both the opportunity of using India as your export base back to the US or Europe and you also have the …
July 3rd, 2010 at 11:34 pm
vietnam. i like iit
July 3rd, 2010 at 11:42 pm
That is soooo true!
July 4th, 2010 at 12:21 am
I would never have thought this about Vietnam before watching this video.
July 4th, 2010 at 12:40 am
wish i’d had access to this stuff when i lived in Hanoi. Would’ve helped it make a bit more sense! When you’re on the ground you cant see the woods for the trees.
July 4th, 2010 at 1:12 am
This series videos contain lots of informative content. Good work.
July 4th, 2010 at 2:09 am
I love those Vietnamese toys. They are so cute. Dubai would be an interesting market to dive into, though I personally feel that one may have to follow a lot of protocol to do business in Dubai.
July 4th, 2010 at 2:21 am
I love the graphics and music for this series.
July 4th, 2010 at 3:06 am
My whole view of emerging markets changed after this interview.
July 4th, 2010 at 3:12 am
Yep, it’s an amazing place to visit. You can see the speed of change all around you. Ask Dan – he lived there.
July 4th, 2010 at 4:12 am
Very interesting, I had no idea that Vietnam was such a growing economy
July 4th, 2010 at 5:07 am
Looking forward to watching the rest of this series