Paris – Vietnam has enjoyed strong economic growth in the past decade and become one of the most effective economies in Southeast Asia, online versions of the French financial La Tribute and Les Echos Investir magazines wrote on December 28.
Vietnam achieved gross domestic product (GDP) growth of 6.81 percent, surpassing the Government’s target of 6.7 percent, they said. Key contributors to the economic expansion were agriculture and exports, with surges seen in shipments of Nike and Samsung products.
The articles noted that privatisation and capitalisation were important elements for the country’s growth.
The French publications also noted the World Bank’s projection that Vietnam would have GDP growth of about 6.5 percent in 2018.
However, the bank noted the country needs to cut public debt and improve the efficiency of the State-owned economic sector to achieve this.
Photo: CBR Investment AG