Vietnam has great potential for long-term development
The website noted that GDP growth has remained relatively robust over the years. The 2008 commodity bull market spurred a similar course of events, but even with the global recession, annual GDP growth didn’t take too much of a hit. Vietnam’s GDP growth is forecast at around 5-7 percent.
It’s good to see a consistent upward parabolic trend of GDP per capita as higher GDP per capita tends to make the country become a target for global companies. Vietnam can increase its pace of development by bringing in more investment and creating more jobs.
Seeking Alpha also highlighted Vietnam’s strength of cheap labour. It said Vietnam is adding one million workers a year, which is good for cheap labor and a competitive advantage line.
