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Wednesday, January 29 2020
As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.
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.
With the population of over 90 million of people, Vietnam is one of the fastest developing economy in Southeast Asia and in the world. The average Vietnam GDP is about 320.7 billion of dollars, equal to annual growth rate of about 5 percent.
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.
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.