Banking system Vietnam. A macroeconomic overview
Autor: | Vivien Barth |
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EAN: | 9783346096050 |
eBook Format: | |
Sprache: | Englisch |
Produktart: | eBook |
Veröffentlichungsdatum: | 14.01.2020 |
Kategorie: | |
Schlagworte: | banking vietnam |
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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).