The Nation newspaper on December 2 quoted Preechachai Chauychoo, a Thai businessman who has lived in Viet Nam for the last 15 years as saying that it would take Viet Nam just over a decade to catch up with Thailand’s current stage of development, given its rapid growth rates.
According to the paper, Viet Nam is currently the darling of foreign investors from Japan, China’s Taiwan, the Republic of Korea, Singapore, the United States and the European Union. The country joined the World Trade Organisation (WTO) in January of this year and has attracted a combined direct investment inflow of US$16 billion in the first 11 months of 2007.
