"Vietnam's expected growth rate of real per
capita GDP between 2010 and 2050 is 6.4 percent, according to our projections.
This growth is expected to come from a very low base – Vietnam starts from the
55th position in our rankings in the real per capita GDP rankings with a 2010
figure of $3,108.”
Willem Buiter and Ebrahim Rahbari
Citigroup economists
Vietnam scores 0.86 on the 3G index (http://en.wikipedia.org/wiki/3G_(countries)#3G_Index_Score) to
top the list, followed by China with 0.81, India (0.71), Indonesia (0.70),
Mongolia (0.63), the Philippines (0.60), Iraq (0.58), Bangladesh (0.39), Egypt
(0.37), Sri Lanka (0.33), and Nigeria (0.25). Vietnam's investment rate, expected
high growth rate and large population are among factors that makes it top the list of 11 nations with highest
growth potential in the 21st century.
Vietnam's GDP has
doubled every 10 years since 1986. Its economic growth has been second only to
China. In 2010, GDP is predicted to be 5-6%. UK exports of goods to
Vietnam have doubled since 2006.
Since accession to the World Trade Organization (WTO) in 2007, Vietnam has
opened up its markets to foreign businesses and investors.
With a population of 86 million, 65% of which
are aged under 35, the country has one
of the most vibrant economies in Asia. As average income continues to
rise, Vietnam has a growing domestic
market for consumer goods.
Strong economic growth, coupled with rapid urban and industrial expansion
means that many of the country's physical infrastructures require urgent
re-development.
UK Trade & Investment