Its overall score has increased by 3.5 points due to a dramatic gain in fiscal health. The economy of Vietnam is a socialist-oriented market economy, which is the 44th-largest in the world as measured by nominal gross domestic product (GDP) and 27th-largest in the world as measured by purchasing power parity (PPP). 2019 total of $517bn up 170-fold since Vietnam introduced economic reforms in 1986. by Minh Do PM sets 2020 export target of $300bn for industry & trade; Prime Minister Nguyen Xuan Phuc attended a ceremony on December 30 officially recording that Vietnam’s trade revenue in 2019 was in excess of $500 billion.
Thursday, 07 Nov 2019, 15:16 Open mindset needed for prize-winning game business in Vietnam to take off Strong development of the night economy, including prize-winning games businesses, could help Vietnam’s tourism compete with regional peers. Vietnam: Asia's quiet economic achiever. July 16, 2019.
Vietnam is widely viewed as a big winner of the US-China trade war in 2019, as US tariff-dodging manufacturers seek to shift their supply chains out of China and into Southeast Asia, among other regions. These figures are mentioned in the e-Conomy Southeast Asia report 2019 by Google, Temasek - a holding company owned by Singapore's government, and U.S.-based global management consultancy Bain. The internet economy of Vietnam has reached a value of $12 billion in 2019, with an annual growth rate of 38 percent since 2015 and is expected to surge to $43 billion by 2025. Economic growth followed suit. Supply-chain disruption caused by the coronavirus pandemic in the first half of 2020 will not do lasting harm to export-oriented industries. Vietnam’s economic freedom score is 58.8, making its economy the 105th freest in the 2020 Index. The GDP value of Vietnam represents 0.21 percent of the world economy. Government spending and debt remained in check and bank capital rules were strengthened.

With such rapid economic growth, the country grew from one of the poorest countries in the world to a comfortably middle-income one.

Vietnam Economic Growth Growth is seen slumping this year. Economy Vietnam speeds up big projects to heal economy from pandemic. In the first half of 2019, Vietnam’s trade surplus with the U.S. rose 39% to $25.3 billion. Vietnam’s economy is resilient and the country remains an “Ascending Dragon” despite the Covid-19 pandemic, QNB has said in its weekly economic commentary.

Sunday, June 21, 2020 8:15 PM The 1.81 percent … The economy of Vietnam is a socialist-oriented market economy, which is the 44th-largest in the world as measured by nominal gross domestic product (GDP) and 27th-largest in the world as measured by purchasing power parity (PPP).


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