Banking system Vietnam. A macroeconomic overview
Author | : Vivien Barth |
Publisher | : GRIN Verlag |
Total Pages | : 14 |
Release | : 2020-01-14 |
ISBN-10 | : 9783346096050 |
ISBN-13 | : 334609605X |
Rating | : 4/5 (50 Downloads) |
Download or read book Banking system Vietnam. A macroeconomic overview written by Vivien Barth and published by GRIN Verlag. This book was released on 2020-01-14 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Portsmouth, language: English, abstract: This essay describes Vietnam's banking system and provides an overview of its macroeconomic environment. Vietnam is one of the fastest growing countries in the world. In 1986, Vietnam shifted from a centrally planned to a market economy. This transformed Vietnam from one of the poorest into a lower middle-income country (World Bank, 2019). Today, it is the world’s ninth fastest growing economy with commitment to sustainable growth, strong foreign direct investment (FID) inflows and a strong manufacturing sector. Vietnam’s GDP growth projection for 2019 is 6.6 % (Focus Economics, 2019).