Global Economics Paper 165: Vietnam: The Next Asian Tiger in the Making
April 2008
Vietnam stands out among the N-11 economies as having achieved the highest economic growth in recent years. Our total factor productivity analysis indicates the productivity increase has been an important source of Vietnam’s economic growth, along with capital accumulation and labor input increases. We believe both the forces driving this productivity improvement and the growth conditions in Vietnam will likely continue, and help Vietnam fulfill its growth path.
On the other hand, we share concerns on the potential risks, including the recent surge in inflation, and challenges in fiscal and monetary policies. Nevertheless, we are cautiously optimistic about Vietnam’s economic growth given its solid reform path so far.
>> Global Economics Paper 165: Vietnam: The Next Asian Tiger in the Making April 2008 [PDF, 255KB]
On the other hand, we share concerns on the potential risks, including the recent surge in inflation, and challenges in fiscal and monetary policies. Nevertheless, we are cautiously optimistic about Vietnam’s economic growth given its solid reform path so far.
>> Global Economics Paper 165: Vietnam: The Next Asian Tiger in the Making April 2008 [PDF, 255KB]