The Frontier stock market country overview of Vietnam
Vietnam is a heavily and densely populated frontier country that in the last 30 years has had to recover from the the loss of financial support from the former Soviet Bloc, the ravages of war, and the rigidities of a centrally planned economy, which granted is fading. Since 2001, Vietnamese government has reaffirmed their commitment to international integration and economic liberalization. They moved to implement the needed structural reforms to produce more competitive, export-driven industries and the reforms needed to modernize the economy The economy grew 8.5% in 2007.
Vietnam also joined the WTO in January 2007, following over a decade long negotiation process, and is now typically included in proposed Frontier Market exchange traded funds (ETF).
Vietnam is rapidly working to create jobs to meet the challenge of a labor force that is growing very rapidly. It is growing by more than one-and-a-half million people every year. Vietnam goal is an economic growth rate of 7-8.5% during the next four years.
- GDP (purchasing power parity):
$222.5 billion (2007)
- GDP (official exchange rate):
$66.4 billion (2007)
- GDP - real growth rate: