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Author Topic: Vietnam: A strong trajectory.Bcg_AmCham  (Read 44 times)

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Offline ngjm95

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Vietnam: A strong trajectory.Bcg_AmCham
« on: December 06, 2017, 05:37:32 AM »
Vietnam has been on the upswing for 20 years, and that trajectory has steepened since 2007, when the country joined the World Trade Organization. The Vietnamese economy is well balanced, with exports and investments driving recent growth. Thanks to the growth of the technology components and equipment industries, exports and investments have been growing faster in Vietnam than in other Southeast Asian nations.

Vietnam is a stable communist country, with leaders committed to economic expansion. Inflation and corruption remain persistent challenges to which companies must adapt. While a recent banking crisis has shaken investor and consumer confidence and contracted credit, the nation’s leaders are taking steps to fix the root causes.
By 2020, Vietnam’s MAC population will be two-thirds the size of Thailand’s MAC population.
Average per capita income will rise from about $1,400 to $3,400 per year.
This new wealth is well distributed. Incomes in rural areas are actually growing faster than in urban areas—expanding by 18.5 percent annually between 2002 and 2010, compared with 16.6 percent in urban areas. The government has encouraged this income growth through land allocation, trade, and investment policies.

 
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