Ho Chi Minh City will become the second fastest growing economy in Asia by 2021, according to a study by the UK-based Oxford Economics, reported Bloomberg.
Stronger export growth and a continued rise in investment suggest Vietnam’s GDP growth will go back to above 6.5 percent in 2017, after a slowdown to 6.2 percent in 2016.
Research recently conducted by Oxford Economics says that the mobile internet sector may contribute 5.1 billion USD to Vietnam from 2015 to 2020, it was revealed at a workshop on August 2.
Vietnamese workers have substantially improved their productivity levels in the last 15 years, according to ICAEW’s latest ‘Economic Insight: South East Asia’ event launched in Hanoi on June 10.
Vietnam’s gross domestic product (GDP) is expected to stay between 6 and 7 percent from 2016 to 2018, according to the latest report from the Institute of Chartered Accountants.
