Forbes hails Vietnam’s economic achievements
VOV.VN - Forbes recently ran an article entitled “Vietnam – the quiet economic success story of Asia”, hailing positive changes in Vietnam’s economy.
The article said Vietnam has developed dramatically following 30 years of renewal. One of the poorest countries on earth 30 years ago, Vietnam is now officially a lower middle income country with a market oriented economy.
The images of Vietnam in conflict and rural poverty beamed on to television screens around the world in the 1960s and 1970s have already been replaced with office towers, high-end boutiques and bustling streets. The article said the signs of Vietnam’s economic development were visible on the skyline of Ho Chi Minh City, or Saigon.
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According to Forbes, despite the global financial downturn in 2008, Vietnam recorded a GDP growth of 6.3% in the first half of 2015, equivalent to its growth average during the 2000s.
Forbes attributed this growth to Vietnam’s disproportion ally young and well connected population, citing 2014 data which showed that more than 40% of the population was aged under 25.
Forbes quoted a study by the World Bank (WB) which indicates that Vietnam ranks 90th out of 189 surveyed economies regarding doing business index. Forbes said there is much to be positive about in the economic outlook for Vietnam, adding that the nation can be regarded as one of the quiet success stories of Asia.