Survey shows education, retail come out on top

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Education and retail were identified as two of the most positive sectors overall for the Vietnamese economy in the next twelve months, said a twice-yearly survey by multinational auditing and consulting firm Grant Thornton.

The firm said Vietnam's education was consistent with underlying domestic demand for skill improvement, and a reflection of the movement away from the under-resourced government provision of education towards the private sector.

"We have seen the retail sector appear within the top most positive sectors for the third survey in a row," said Grant Thornton Vietnam's managing partner Ken Atkinson.

Atkinson said with continued retail growth in Vietnam and further market movement towards modern trade, foreign investors are competing with local participants to stake their claim in the retail landscape.

The firm conducted the survey Private Equity in Vietnam-Investment and Sentiment and Outlook in late April and early May, 2010, canvassing the opinions of over 200 decision makers based in Vietnam and those with their focus on Vietnam.

Of most interest was arguably the improvement in attitude towards real estate and property which received a 71 percent positive response up from less than 45 percent in the previous survey, said the firm.

It said transportation and logistics also substantially improved its rating from previous surveys where it had the largest negative opinion.

Oil, gas and natural resources were regarded as the most negative sectors in the survey, it added.

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