Channel News Asia: Vietnam’s strong growth is likely to persist
(VOVWORLD) -Vietnam’s strong growth is likely to persist thanks to its young, ambitious, and business savvy population, said an article published by Singapore-based Channel News Asia.
The commentary, titled “Ambitious and smart, youths in Ho Chi Minh City are building Asia’s Silicon Valley” by Stephanie Jones and Rafael Masters, said that Vietnam, for the last few years, has seen remarkably strong, continuous growth, averaging 6.15 percent each year since 2000.
Urbanisation and a growing middle class are fuelling economic growth and driving the creation of new commercial opportunities.
50 percent of the population have access to the internet and more than a third use smartphones, according to the article. At the same time, Vietnam has become increasingly attractive for new investors, and local talent is developing rapidly, even as the country has to compete against Singapore, Hong Kong (China) and other regional stars. Stephanie Jones and Rafael Masters shared the view that indeed, HCM City presents itself as the jewel in the crown of Vietnam’s success story.