(VOVWORLD) - Vietnam is on its way to becoming a high-income economy, with a growth rate among the fastest in Southeast Asia.
 Classification and processing of fish products for export (Photo: NEWS) |
According to reports from the world’s leading financial institutions and economists, strong economic reforms and a well-planned development strategy have helped Vietnam maintain impressive growth over the past few years.
The International Monetary Fund’s report predicts that if developing economies like Vietnam continue to pursue comprehensive reform, they can increase their economic output from 1.5% to 3% within 2 to 4 years.
The latest report from the World Bank gives a positive outlook for Vietnam's economy, with a growth forecast of 6.8% this year and 6.5% in 2026.
The WB forecasts that FDI will remain about 25 billion USD per year, demonstrating the attractiveness of the Vietnamese market to international investors.
 Investors follow the stock forum at the Ho Chi Minh City Stock Exchange (HoSE). (Photo: NEWS) |
Many international organizations gave positive assessments on Vietnam's economy. According to India’s Fibre2Fashion, Vietnam's GDP is expected to rise 8% in the first quarter of this year.
Standard Chartered Bank forecasts Vietnam's GDP will increase 6.7% this year and 7.5% in the first half of the year, thanks to strong FDI inflows, especially in manufacturing and real estate, plus the recovery of tourism, export growth, and industrial production.
With impressive growth rates, Vietnam is increasingly asserting its position in global trade. New Zealand's rnz.co.nz news site recently called Vietnam the fastest-growing economy in Southeast Asia.