The different media sometimes saturate us with the large amount of information that they send us about the China's economic development. However, in Asia there are other countries that in the coming years plan to establish a series of new relations with great world powers such as Russia or the United States. It is the case of Vietnam , an old trading partner of the Russian country with close ties in relation to military cooperation, oil, gas, nuclear energy and tourism.
La Vietnamese economy it is in a period of constant growth. During the first nine months of 2014, GDP growth has been 5,62%, higher than the inflation rate, which is 5%. Both domestic production and exports show a positive trend in the last year. So much so that in 2014 they have 14,2% more exports than last year, or what is the same, a surplus of more than 2.400 million dollars.
La Vietnam Stock Exchange is still among the five fastest growing markets in the world. During the first nine months of 2014, its stock market indices have risen 19,9% and 30,4% compared to the same period in 2013. The Vietnamese real estate market is also growing, while the country's foreign exchange reserves have reached record levels, with more than 35.000 million dollars.
This buoyant economic situation has by no means gone unnoticed by neighboring economies. The Singapore Chamber of Commerce puts Vietnam on his list of the best Asian countries to invest in right now.
However, Vietnam faces a number of relevant problems. Vietnamese economists consider it dangerous for the national economy to be highly dependent on foreign-owned companies, which account for around 70% of the country's total exports. Another problem is the low demand in the domestic market, 1,5% less than a year ago.
Also, there are a large number of liquidated companies. So far in 2014, about 50.000 companies have declared bankruptcy, somewhat more than in all of 2013. Furthermore, the privatization process of public sector companies is being too slow. During the first eight months of 2014, only 55 out of 432 companies were privatized, when all of them must undergo this process before 2015.
Although all these problems will not create serious difficulties in the development of the Vietnam economyYes, they would have a critical effect on global acceleration. The Vietnamese country thus joins Thailand, Malaysia, Singapore and Indonesia, Southeast Asian countries that have now become the main emerging economies in the world.