Vietnam has enjoyed strong economic growth in the past decade and become one of the most effective economies in Southeast Asia (Photo VNA)Paris (VNA) – Vietnam has enjoyed strong economic growth in thepast decade and become one of the most effective economies in Southeast Asia, onlineversions of the French financial La Tribute and Les Echos Investir magazineswrote on December 28.
Vietnam achieved gross domestic product (GDP) growth of 6.81 percent,surpassing the Government’s target of 6.7 percent, they said. Key contributors tothe economic expansion were agriculture and exports, with surges seen inshipments of Nike and Samsung products.
The articles noted that privatisation and capitalisation were importantelements for the country’s growth.
The French publications also noted the World Bank’s projection that Vietnam wouldhave GDP growth of about 6.5 percent in 2018.
However,the bank noted the country needs to cut public debt and improve the efficiencyof the State-owned economic sector to achieve this.-VNA
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