Tuesday, December 15, 2009

Why Indonesia and Vietnam Should be Added to the BRIC

BRIVIC is an acronym for Brazil, Russia, India, China plus Indonesia and Vietnam.

BRIC was originally coined by Goldman Sachs in 2001. BNN interviewed Simona Mocuta, senior economist, IHS Global Insight, who thinks we ought to add Indonesia and Vietnam to the alphabet soup of new acronyms.

Some of her points:

- Indonesia is the 4th most populous country in the world, with 230M people. Vietnam has over 90M people.

- BRIC really should stand for a type of country: size, economic performance, potential for future growth

- Vietnam's GDP grew 6.4% in 2008

- Indonesia grew 4.21% in 2008

- On Thailand: has gone through a rough patch, concerns with political environment.

IDX is an ETF that tracks Indonesia. it is up 161% this year. We track all global ETFs here.


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