Foreign media call Vietnam a rising tigerVietNamNet Bridge - Despite Brexit and the US withdrawal from the TPP, which are expected to have adverse effects on Vietnam’s economy, foreign experts and investors still have a positive impression of the economy’s performance. Vietnam is called a rising tigerIn an article titled ‘Vietnam, the Rising Tiger Economy’ published in Manila Bulletin in late 2017, Dr Florangel Rosario Braid wrote: “The introduction of socialist-oriented market economic reforms has made it (Vietnam) one of the world’s successful market economies.”“Private ownership was encouraged and state enterprises were restructured to operate under market constraints. The APEC 2006 summit in Hanoi was Vietnam’s coming-out party, its debut on the world economic stage, while APEC 2017 was the time for Vietnam to shine after many years of global integration. By the time APEC 2006 took place, Vietnam’s GDP had increased by twofold from $25 billion in 1996 to $66 billion in 2006, and the GNI from $310 to $760. Foreign investors are attracted by the young labor force which can be trained and are willing to work with minimum monthly wage of around $172.


Source:   VietNamNet News
March 02, 2018 03:11 UTC