Among the world’s most impressive emerging market success stories of the past three decades, Vietnam has been achieving high growth rates, encouraging a huge reduction in poverty and attracting billions of dollars of foreign investment. What was, until relatively recently, considered a comparatively poor country by regional standards – with an...
What measures need to be taken to sustain economic growth and stabilise Vietnam’s economy?
Vietnam’s economic success over the past three decades has been built in no small part on its openness to international trade and investment. It is now among the world’s most open economies, according to the IMF – in the last 15 years alone, its share of world trade has quintupled, with combined imports and exports now equal to around 160-170...
The EU is one of Vietnam’s biggest trading partners, accounting for nearly a one-fifth of the country’s exports. Hanoi established diplomatic and commercial relations with the bloc in 1990, not long after the beginning of the Doi Moi economic and political reforms. This was followed by a cooperation agreement in 1995 which gave Vietnam...
With strong will and resolve to undertake in-depth and comprehensive reforms, Vietnam has grown from a poor, war-torn country with a centrally planned and subsidised economy, to a middle-income developing nation with a market economy. The country is now poised to step into the next stage of even more robust development thanks its ongoing...
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