Vietnam economy is a market economy which depends much on exports, and projects on FDI. The economy ranks sixth in Southeast Asia, and fifty-seventh in the global market. Vietnam is one of developing countries with fast growth rate, about 7% per year.
Vietnam industry truly developed significantly from 1991 to 2008. During the period, the value of industrial production increases continuously with high and stable growth rate. Recently, Vietnam industry plays an important part in Vietnam economy.
Recently, according to Ms. Victoria Kwakwa, National Director of World Bank in Vietnam, Vietnam economy is showing its good signals in its development. The growth rate of the country is predicted to increase up to 5.6% this year.
Over the year of 2014, Vietnam has gained many significant achievements in science and technology. Breakthroughs of Vietnam science and technology were greatly honored at the ceremony of Top Impressive Science and Technology Events 2014 in Hanoi.
Bach Dang Bridge construction inauguration is another phase in project of Halong Haiphong Highway. The Bach Dang Bridge will contribute to the development of the city in particular and the region in general.
After the first three months of 2015, the Vietnam GDP growth reaches about 6 percent. It is the highest rate in the first quarter during 5 recent years. Among major sectors of economy in Vietnam, industrial sectors surpass others.
By dint of cooperating with Laos in terms of economic development research, Vietnam economy and Lao economy will be improved significantly. The two sides discussed many plans and cooperation orientations to develop economy.
The Head of Government confirmed that the current Vietnam economic growth rate has not stable. Vietnam needs to strive more to ensure the target growth of 6.5 - 7 percent. Vietnam economy will enter a new phase with fast pace of development.