The economic growth of Vietnam will fall significantly in the 2011-2020 period with the average rate of only 4.6 per cent, however maintaining an impressive speed in the 15 years to come, according to the latest report of the Economist Intelligence Unit (EIU).
According to the report entitled “Foresight 2020”, based on interviews with nearly 2,000 economists and tops of economic groups in more than 100 nations by late 2005, Vietnam’s economic development will be even lower than that of the Philippines and Thailand (4.7 per cent), Malaysia (4.8 per cent) and Indonesia (5 per cent), which stood behind the communists in the previous period.
Due to the fall in 2011-2020, Vietnam’s economic growth will reach only 5.4 per cent in the coming 15 years, higher than the average rate of world’s most active area of Asia (4.9 per cent) but lower than that of China (6 per cent), India (5.9 per cent) and Pakistan (5.5 per cent), EIU said.
Nevertheless, EIU also rated the growth of nearly 6 per cent an impressive figure in the 2011-2020 period, almost all Asian economies will be on a comprehensive downtrend: China falling to 5.1 per cent from 7.8 per cent in 2006-2010 and Ukraine to 5.7 per cent to 3.5 per cent.
The EIU’s report also forecast that Vietnam will reach an economic growth of 7 per cent in 2006-2010 [compared to the average figure of 4 per cent in the world], ranking second after China and before India (6.6 per cent), Indonesia (5.6 per cent), Malaysia (5.3 per cent) and Thailand (4.5 per cent).
By 2020, the GDP of Asia will account for 43 per cent of global sum from 35 per cent in 2005, the report said, adding that China will make up 27 per cent of the world’s economy, becoming the second-largest consuming market after the US. Conversely, in the coming 15 years, China and India will be still poor nations, the EIU said.
Pioneer
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
Vietnamese
