Vietnam’s economic growth rate has annually exceeded seven percent since 1990, La Prensa said, adding that the country has attracted close to US$50 billion in foreign direct investment so far. By boosting trade relations with about 180 countries and territories, Vietnam’s exports have annually increased by over 20 percent, the paper said.

Meanwhile, Brazil’s online Exame newspaper said Vietnam is a new star among new emerging economies, becoming increasingly attractive to foreign investors.

Exame cited Pricewaterhouse Coopers, a worldwide prestigious consultant group, as saying that Vietnam ranks first among 20 new markets in the world in attracting foreign investment for the industrial sector in the future.

Following US Intel’s US$1 billion project in Ho Chi Minh City, many foreign investors have poured their money into Vietnam’s high-tech sector, the paper noted.