DIVERSIFYING OPPORTUNITES

Why don't our industrialists and business people plan to make their investment in Vietnam? 

 

Many lucrative and cost-effective areas are there to invest in Bangladesh. Investments can be made in marketing high value-added items and in setting up high-tech industries like electronics, telecommunication, automobiles, chemicals, dairy products, professional service providers in the field of engineering, construction and so on. In addition, investments can be bolstered in low-tech profitable industries like assembling and manufacturing air conditioners, refrigerators, television and water-coolers. Bangladesh spends huge volumes of foreign exchange for import of high-tech and low-tech items annually. Huge foreign exchange is used every year by importing dairy products from abroad, whereas this country is best suited for dairy industries.

Most of the developed and emerging economies have already diverted their investments to different segments nationally and internationally, and are getting the economic benefits of diversification.

Germany in Europe has a strong economic foundation because it has globally diversified investments. The Deutsche Bank Research report in July 2012 states: "The share of German passenger car exports going to other euro-area countries dropped from 48 per cent in 2000 to just fewer than 31 per cent in 2011; in H1 2012 it even fell below the 30 per cent mark. In parallel, the share of German car exports accounted for by the BRIC countries raised from just over 1 per cent in 2000 to more than 17 per cent in 2011, even though local production of German-brand vehicles in these countries was also on the rise during that period." Some emerging economies are also planning to divert investments. The GCC countries are in the plan to divert their investments keeping in mind that their oil resources are depleting and in later years would be exhausted. To secure the stability and the sustainability of income levels in the future, the GCC countries unanimously agreed to diversify themselves in various types of investment within borders and beyond. The East Asian emerging countries are diversifying their investments from traditional low-tech to high-tech areas and from Asia to Europe to North America. 

Very recently, Malaysia has entered into a contract for investments in Canada for establishing LNG projects. The politicians of some emerging countries, as we have noticed, have come up with some specific election campaign agenda for changing the economy from low-tech to high-tech, raising the country from the status of middle-income to high-income, and thus reducing unemployment and illiteracy rate.