Business Advice: Which emerging market may be right for you

In this business tv show, to find out what you need to look at when choosing an emerging market to move in to, we talk with Ian Coleman, Partner and Head of Emerging Markets at PricewaterhouseCoopers UK, and then we cross the Atlantic to talk with Asia business specialist Chris Runckel, President of Runckel and Associates.

Ian Coleman: when people talk to me emerging markets one of the things I find most common as a misconception that they’re all the same, that the fact that they’re emerging defines in some way their status and their institutions and their sort of profiles are some how homogenous, and they’re not.

Chris Runckel: Increasingly we’re seeing companies that are coming to us that are fed up or really wanting to find a country place to produce where they don’t have the problems that they’ve experienced in China.

A lot of these companies, at least in our experience right now are picking Vietnam as a location. It’s about one half the cost in terms of labour so for projects that have a lot of labour content and these would be like textile companies, toys often times plastic companies etc for these types of items Vietnam can be a very good choice.

In China there’s been really lots of difficulty in developing the internal market there. The people save in a much higher rate than say in India where in India the consumers are much more willing to expand so you have both the opportunity of using India as your export base back to the US or Europe and you also have the other base a developing, a faster developing internal market.

Ian Coleman: We did a study recently to look at just that of the less well talked about markets Vietnam came out top. Higher than China, but that was on the back of a very high risk environment, even higher than potential returns so you know big difference. But that answer changes completely depending on what industry you’re in.

There the United Arab Emirates and the Gulf region seemed to be probably the most attractive. High spending power, …

11 Comments

  1. James Kirk

    Looking forward to watching the rest of this series

    Reply
  2. businesstvmark

    Yep, it’s an amazing place to visit. You can see the speed of change all
    around you. Ask Dan – he lived there.

    Reply
  3. businesstvmark

    My whole view of emerging markets changed after this interview.

    Reply
  4. businesstvmark

    I love the graphics and music for this series.

    Reply
  5. businesstvAndie

    I love those Vietnamese toys. They are so cute. Dubai would be an
    interesting market to dive into, though I personally feel that one may have
    to follow a lot of protocol to do business in Dubai.

    Reply
  6. BusinessExpertLouise

    This series videos contain lots of informative content. Good work.

    Reply
  7. businessexpertsalli

    I would never have thought this about Vietnam before watching this video.

    Reply
  8. BusinessExpertLouise

    That is soooo true!

    Reply
  9. sumo7274

    vietnam. i like iit

    Reply
  10. istsnn

    cheaper trade

    Reply
  11. felpaluche

    Just got to do some research

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *