Vietnam GDP to Lag Behind
World Economy

Vietnam GDP to Lag Behind

It will not be easy for Vietnam to catch up with the bigger economies in the region in the next 20 years without thorough reforms, economists have said, Thanh Nien News reported. Nguyen Dinh Cung, chief of the Central Institute for Economic Management, was quoted as saying that Vietnam can only reach the current GDP per capita level of Malaysia if its economy maintains an average growth rate of 7% per year. At a growth rate of 5% a year, the country’s GDP per capita, which was $2,052 last year, will not be able to match even the current levels in China and Thailand, he said.

Short URL : https://goo.gl/7TsBaV
  1. https://goo.gl/nVkkZS
  • https://goo.gl/CdPJgA
  • https://goo.gl/xrcyva
  • https://goo.gl/pNXRGr
  • https://goo.gl/ivG60U

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...