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Tuesday, May 22, 2007

'Nam for investors

Hard on the heels of revelations about Marc Faber's investment in Vietnam, here's a story about how Vietnam (and the Philippines) is attracting interest. A South Korean shopping centre in Ho Chi Minh City - who would have expected that in 1975?

Nostalgia apart, let's look at the economic implication. The article notes this development as "yet another sign of the region’s increasingly affluent middle class showing a growing preference for made-in-Asia products". One can only hope that the East creates enough demand, fast enough, to take over when America's wallet finally fails.

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