A corner of Ho Chi Minh City, which is striving to turn itself into a smart city (Photo: VNA)Singapore (VNA) – The urbanisationrate in Vietnam grew rapidly in the past decade from 30 percent in 2007 to 40percent in 2017, according to Singapore-based United Morning Post.
In an article about Vietnam’s economicreform and hosting of APEC Year 2017, the newspaper cited data demonstratingthe country’s progress since the beginning of reforms in 1986. Vietnam’s growthrate was 2.79 percent in 1986, soared to 7.36 percent three years later and nowconsistently hovers around 7 percent.
The paper said by hosting the APEC 2017Economic Leaders’ Week in Da Nang, Vietnam introduced to international friendsa dynamic and vibrant city. Da Nang is a small image of Vietnam, reflecting theachievements the country has obtained from reforms and economic integration inthe past ten years, it noted.
The article also pointed to a number ofchallenges facing Vietnam, such as uneven socio-economic development, outdatedinfrastructure, corruption, and inflation.
In conclusion, it attributed the country’s robustgrowth to its progress in regional and global integration. Since 1990, Vietnamhas become members of the Association of Southeast Asian Nations, the Asia-PacificEconomic Cooperation (APEC) and the World Trade Organisation (WTO).-VNA
VNA
