Vietnam Expects Growth Rates to Increase in the Next Five Years

Next Story

Vietnam Growth Fueled by Foreign Investment

October 20, 2015.

Vietnam is targeting higher economic growth rates over the next five years. Its high hopes are driven by its successful exports and increase in foreign investment, as it expands in the global market. Vietnam has had an average annual growth rate of about 5.9% for the past five years, but they are looking to expand even more. In 2012, the country’s growth rate reached a recent low of 5.25%, following an expansion of more than 7% in the previous years. This was mainly caused by weak global demand and an excess of nonperforming loans in local banks. Despite this setback, Vietnam plans to expand even more into the global economy. The country is targeting an economic growth rate between 6.5% and 7.0% each year during the 2016 – 2020 period, announced by Prime Minister Nguyen Tan Dung at the opening of a National Assembly meeting in October.

Louie Nguyen, CFA is the CIO of San Diego-based Soledad Investment Management. Soledad invests qualified clients’ assets in markets around the world, including Vietnam.

More From the Author

  • Why More Goods Will Be Labeled ‘Made in Vietnam’
  • Vietnam’s Manufacturing Slows
  • Vietnamese Film ‘Jackpot’ Submitted to Oscars Foreign Language Committee
  • Vietnamese Economy has the World’s Attention
  • Vietnamese Co-Production Becomes Top Film of All Time in Vietnam
  • Vietnam’s Seafood Industry
  • Vietnam’s Largest Company Willing to Increase Foreign Ownership Limit
  • Vietnam’s Evolving Startup Scene
  • Vietnam Pushes to Privatize Popular Companies
  • Vietnam Predicts Strong Economic Growth Even Amidst Slow Restructuring
  • Vietnam in the Spotlight
  • Vietnam Growth Fueled by Foreign Investment
  • Vietnam Beats the Odds: Economic Growth Rising Well Above Its Peers
  • Vietnam and China Resolve the South China Sea Dispute
  • Vietnam Allows Japanese Warship to Visit
  • TPP’s Biggest Winner Candidate: Vietnam
  • Prosperous Vietnam
  • Nike’s Potential in Vietnam
  • Teen Drama New Box Office Record
  • Large Tech Companies Invest In Upcoming Workers
  • Leave a Reply

    Subscribe Today

    We will send directly to your inbox the latest Vietnam investment commentaries, travel tips and "in the know" tidbits! 
    Join the Vietnamese IN CROWD!
    First Name
    Email address