VN economic growth on road to highest in region: analysts (01/08)
06/08/2010 - 105 Lượt xem
Economic growth in Viet Nam is set to rank among the top rates in the region during the next few years, said Germany’s Deutsche Bank and the Frankfurt Times.
According to German economic analysts, the steady flow of foreign investment into the country has contributed to its success, with the prospect of accelerating Viet Nam’s growth rate to that of China and India by 2020.
Another positive factor for growth is Viet Nam’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.
According to the Pricewaterhouse Coopers group, Viet Nam is regarded as the most attractive investment destination among 20 countries selected by the group.
"Viet Nam is a great development story from which many other developing countries can learn," World Bank President Robert Zoellick, who will visit Viet Nam from August 5 to 7, said in a media briefing in Washington on Thursday.
Zoellick will join local World Bank staff to see first hand the challenges facing Viet Nam at very different stages of development. He will hold talks with Vietnamese government officials, business leaders and members of civil society organisations.
Meanwhile, Chile’s Estrategia online has run an article praising Viet Nam’s great socio-economic achievements during its renewal process.
The article says Viet Nam’s economic development as well as its increasing role in the international arena have been admired worldwide as the country has overcome many hurdles following the war.
A bevy of world economic powers such as the United States, Japan, Germany and South Korea have increasingly shifted their investment to Viet Nam. Foreign investment in Viet Nam was valued at close to US$10 billion in 2006 and is expected to reach $12 billion this year.
However, obstacles remain as Viet Nam still struggles with poor infrastructure and financial systems, the article says.
Source: Vietnam News.
