Vietnam's economy: Impressive breakthrough and efforts to improve growth quality
Hanoi, Oct. 2 -- As traditional growth drivers reach their limits, transforming the growth model is no longer an option but an imperative of the times. The Asian Development Bank (ADB) said Vietnam has made significant progress in shifting its growth model. However, experts held that to sustain long-term development, the transition remains unfinished and major challenges still need to be addressed. Significant strides In an interview with the Vietnam News Agency, Bui Minh Giap, ADB's principal economist in Vietnam, said that by consistently pursuing an open-door policy, attracting foreign direct investment (FDI), investing heavily in infrastructure and capitalising on its competitive labour force, Vietnam has made significant strides from...
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