Vietnam recognized as having the highest potential in the World.

by |  - Vietnam Trade News

Global Growth Generators (called 3G by Citigroup economists) said Vietnam tops the 3G list which is based on the weighted average of six growth drivers namely investment, demographic prospects, health, education, quality of institutions and policies, and trade openness.

Among factors making the country top of the 11 nations in the list which have the most promising growth prospects are in alphabetical order: Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, the Philippines, Sri Lanka and Vietnam. Vietnam is the highest with scores 0.86 on the 3G, exceeded China with 0.81, followed by India’s 0.71, Indonesia’s 0.70, Mongolia’s 0.63, the Philippines’ 0.60, Iraq’s 0.58, Bangladesh’s 0.39, Egypt’s 0.37, Sri Lanka’s 0.33, and Nigeria’s 0.25.

Vietnam’s population is expected to increase from 89 million in 2010 to 112 million in 2050. Its working age population is expected to grow until about 2035. And with these large young populations, growing fast should be easy: open up, create some form of market economy, and invest in human and physical capital.

Asia and Africa will be the fastest growing regions because of population and income per capita growth with strong global growth with an annual average of 4.6% until 2030 and 3.8% until 2050, followed in terms of growth by the Middle East, Latin America, Central and Eastern Europe, the CIS, and finally the advanced nations of today.

Article Reviewed By: Vietnam B2B Direct
Article Source: SGGP English Edition

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