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Vietnam's economy could soon be bigger than Singapore's
HANOI: Vietnam’s economy could be bigger than Singapore’s by 2029, says DBS Bank Ltd.
The Southeast Asian nation has the potential to grow at a pace of about 6%-6.5% over the next decade, DBS forecasts, citing strong foreign investment inflow and productivity growth in the coming years.
"If it can sustain that pace of growth, the Vietnam economy will be bigger than the size of the Singapore economy in ten years’ time,” Singapore-based economist Irvin Seah said in a research note Tuesday.
Vietnam’s government expects gross domestic product to expand at least 6.8% this year. Future growth will be boosted as the nation’s favorable demographic dynamic, productive labor force, much-improved infrastructure and stable politics encourage international inflows, said Seah.
"Global investors have been lining up to be a part of the Vietnam narrative,” he said. "Strong FDI from China and Hong Kong in the first four months of this year may well mark the beginning of a new trend.”
- Bloomberg
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Discussions
1 person likes this. Showing 18 of 18 comments
You should ask Najib and Pak Lah to excile himself. In a year what can PH do to undo Najib and Pak Lah failure in managing our economy? You think Vietnam out of sudden became asean economy powerhouse?
2019-05-28 17:31
Vietnam has about 100million people .... must be bigger... msia dibawah rejim najis sudah macam najis sekarang... tunggu diperbaiki Oleh kerajaan baru.
2019-05-28 18:25
Oh Vision 2020...
Anybody made an assessment how much we have achieved so far?
2019-05-28 18:31
Do Vietnamese demand for quota and constitutional rights for being handicap?
2019-05-28 18:48
Older generation of Vietnamese are a bit lay back especially male. The new generations are displaying an entirely different in their attitudes. They are eager to acquire more skills and knowledge and hardworking...Vietnamese are in fact comparable with Malaysia Chinese.... They may overtake Malaysia in next 10 years.
2019-05-28 20:27
Vietnam just have to follow China's blueprint. Like China they have the single minded of purpose to succeed, with reference to the Korean and Vietnam Wars. For Malaysia, unfortunately all the races are not on the same page.
2019-05-28 20:38
Vietnamese love goring properties and gambling....much better than Msian Chinese. lol
2019-05-28 20:58
Vietnam already joined TPP while Malaysia is dragging it's feet
No wonder Vietnam is growing by leaps and bounds
One Company from Malaysia will ride on Vietnam's success is Pohuat
Pohuat already foresaw the importance of Vietnam as an exporting powerhouse for furniture so Pohuat built 2 furniture factories in Vietnam
So if you want to ride on the Vietnam boom just buy some Pohuat shares and hold
2019-05-28 22:11
vietnam dont have apartheid policy so no brain drain. Their skilled talented smart workers will develop their homeland vietnam at a rapid pace (same as china)
but malaysia is different. With apartheid NEP policy, malaysia is in fact exporting most of its talented skilled workers to develop other countries! like this, how can malaysia progress become a developed country, when most of its skilled talented workforce is exported?
2019-05-28 22:49
apartheid NEP policy has doomed malaysia, but our blurr Pakatan govt is too blind by race to realise this. PH is a new govt, but chooses to continue the racist policies of bn.
FARK!
2019-05-28 22:50
Posted by Negan > May 28, 2019 8:44 PM | Report Abuse
Once Thai start to build Kra Cannal, then prepare to see Malaysia going back to stone age!
Need to replace edu minion if refuse to go that direction....
2019-05-28 22:54
Posted by Negan > May 28, 2019 8:44 PM | Report Abuse
Once Thai start to build Kra Cannal, then prepare to see Malaysia going back to stone age!
Need to replace edu minion if refuse to go that direction....
2019-05-28 22:56
http://www.financetwitter.com/2019/05/obsolete-education-system-racial-politics-reasons-malaysia-will-miss-major-spoils-of-us-china-trade-war.html
unless malaysia apartheid NEP policy is removed, there is NO WAY malaysia will be developed country!
2019-05-28 23:07
One way....give false hope.........deluding dreams.......fake education.....and heavy dose of 3Rs
2019-05-28 23:11
Vietnam economy grows is good for Malaysia..........
who doesn't want a richer neigbor?
2019-05-28 23:57
by Icon8888 > May 28, 2019 4:58 PM | Report Abuse
Long overdue lah
100 mil population vs 6 mil
========
if the Americans did not bomb Vietnam back to the stone age.....Vietnam economy could be 10 times larger today..........
2019-05-29 00:10
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Icon8888
Long overdue lah
100 mil population vs 6 mil
2019-05-28 16:58