Vietnam
ranked first in frontier markets in Bloomberg Market’s frontier markets survey.
The ranking, conducted by Bloomberg Market
Magazine, included data for such as International Monetary Fund forecasts of
GDP growth, inflation, government debt levels and investment and Bloomberg
financial market data.
The frontier markets ranking included an
additional variable - net energy imports as a percentage of all energy used.
Bloomberg also used World Bank to determine
these countries’ vulnerability to volatile energy prices. Countries that rely
heavily on energy exports or imports were considered higher risk and therefore
earned fewer points for this category.
For the ranking, countries were awarded points
based on their relative performance in each category. The worst performing
country received a score of zero, while the best performing country received
the maximum number of points assigned to that variable. Scores for all
variables were summed, with a range for the final score being 0 to 100.
Vietnam with total score of 71.4 led the list
of the most promising frontier markets.
The United Arab Emirates with 66.9 points was
second, while Bulgaria and Romania with 61.4 tied for third place.
According to Bloomberg Market, despite an
inflation rate that the IMF expects to be one of the highest among ranked
countries between now and 2016, Vietnam came in first in part because of its
rapid economic expansion.
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