According to the Infobaeprofesional website in Argentina, aside from South Africa, Turkey and Argentina, the countries that have been named as investment portfolios for a long time, Vietnam and Indonesia are now beginning to grab investors’ attention.

Samarjit Shankar, global strategy director at Bank of New York Mellon in Boston said though his favourite market is Brazil, Vietnam is still the country with the highest potential.

The term BRIC was first used in an economic paper by analysts at Goldman Sachs in 2003 to indicate economies that were developing at a pace reckoned to allow them to outstrip most of the richest countries in the world by 2050.