Vietnam has reaped impressive economic successes in 2019 and is expecting a bumper crop this year. Raymond Mallon, senior economic advisor to the Australia-Vietnam Economic Reform Program, analyses these achievements and discusses priority actions needed for Vietnam to become a more prosperous nation in the coming decades.
Vietnam’s growth of 7.0 percent in 2019 was led by 11.3 percent growth in the manufacturing sector. Total industrial sector output grew by 8.9 percent, services by 7.3 percent, and agriculture by 2 percent. Growth has been achieved with macro-economic stability, including an inflation rate below 3 percent and increased foreign reserves. Vietnam’s ratios of trade and foreign investment are amongst the highest in the world and continue to grow. Vietnam Investment Review (VIR) reports. Tiếp tục đọc “What are priority actions needed for Vietnam to become a more prosperous nation in the coming decades?”