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Viet Nam's economic growth looked at worldwide (11/10)
06/08/2010 - 70 Lượt xem
The US economic newswire “Bloomberg” said Viet Nam's economic growth accelerated to its highest point in a decade, as companies made more garments for export and rising incomes and an increase in foreign visitors spurred service industries.
Jonathan Pincus, Hanoi-based country economist for the United Nations Development Programme said: “Vietnam is doing exceptionally well by any standard, and lower middle-income status by the end of this decade is entirely achievable.” However, the official stressed that Viet Nam is still a long way from creating truly international companies that are globally competitive, and this is a challenge for the country.
The German news agency (DPA) said high economic growth rate and low-cost labour are Viet Nam’s advantages, which are now attracting Chinese investors. Investment capital from China was only 66 million USD in 2005, but rocketed to 312 million USD the next year, DPA noted.
Investment capital from China will continue to pour into Viet Nam if the country’s high economic growth rate continues, the German agency said.
Source: VNAgency.
