Vietnam’s economic development acclaimed
06/08/2010 - 72 Lượt xem
According to German economic analysts, the steady flow of foreign investment into the country has contributed to its success, with the prospect of accelerating Vietnam up the ladder to join China and India by 2020.
Another plus factor is Vietnam ’s entry into the World Trade Organisation, helping accelerate the nation’s on-going reform process and opening the country up to the outside world, the economists said.
According to the Pricewaterhouse Coopers group, Vietnam is regarded as the most attractive investment destination among 20 countries selected by the group.
Meanwhile, Chile ’s Estrategia online has run an article praising Vietnam ’s great socio-economic achievements during its renewal process.
The paper said that Vietnam ’s economic development as well as its increasing role in the international arena have been admired worldwide as the country has faced many hurdles following the war.
A bevy of world economic powers such as the US , Japan , Germany and the Republic of Korea have shifted their investment to Vietnam . Foreign investment in Vietnam was valued at close to 10 billion USD in 2006 and is expected to reach up to 12 billion USD in 2006.
However, obstacles remain as Vietnam still struggles with poor infrastructure and financial systems.
Source: VNA
