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You are here: Home / Viet Nam: A Rising Star

Viet Nam: A Rising Star

· January 1, 2008 ·

A conference titled “Viet Nam – A Rising Star in Asia” will be organized in Ha Noi from January 8-9, 2008. In fact, the Southeast Asian country has been widely recognized as among the fastest developing economies in the world as its GDP grew by nearly 8.5% in 2007, the year it joined WTO. It is not that the conference will be attended by Boeing, IBM, Adidas, Canon, Intel, Nestle, Nissan, Nokia and other major groups that brings weight to the “Rising Star” status for Viet Nam. Actually, the country’s growth rate is the fastest since its economy grew 9.3% 11 years ago. But that is old story when in 1995 the US lifted its trade embargo and Viet Nam’s GDP understandably enjoyed an instant thrust to rise by 9.5%. In 2006, the rate was 8.2% while the Government targets around 9% in economic growth in 2008. According to a statement released yesterday by the General Statistics Office (GSO) in Ha Noi, Viet Nam’s industry and construction made up 42% of the economy, followed by the services sector with 38%, and agriculture, forestry and fisheries with 20%. Viet Nam, which launched market reforms two decades ago, has attracted a record…

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