Vietnam seems most likely to be the candidate for the next economic miracle after China in coming decades on the back of its young and large workforce with rapid and stable GDP growth. There are a lot of similarities between these two nations if you move the timeline of China development 10 or 20 years back: young population with a median age of ~30, low urbanization at mid-30%, GDP per capita at the level of $2,000, and a pro-business government under a single dominating party. China began to open up the economy 40 years ago whilst Vietnam did it 20 years back. Since then, Vietnam followed every footstep that China did in entering WTO, privatizing state-owned enterprises, and opening up the financial markets. In terms of growth rate, Vietnam took over China in 2018 with its GDP expanding at 7.1%. It is widely expected that Vietnam will continue to grow faster than China in 2019 and 2020.
以下翻译结果由阿里云机器翻译引擎生成,仅供参考。 睿亚资产对内容的准确性或适当性不承担任何责任,如与英文原文含义不同,以原文为准。
- 赖子健 , CFA
合伙人兼联合首席投资官
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- 赖子健 , CFA
合伙人兼联合首席投资官
以下翻译结果由阿里云机器翻译引擎生成,仅供参考。 睿亚资产对内容的准确性或适当性不承担任何责任,如与英文原文含义不同,以原文为准。
Vietnam seems most likely to be the candidate for the next economic miracle after China in coming decades on the back of its young and large workforce with rapid and stable GDP growth. There are a lot of similarities between these two nations if you move the timeline of China development 10 or 20 years back: young population with a median age of ~30, low urbanization at mid-30%, GDP per capita at the level of $2,000, and a pro-business government under a single dominating party. China began to open up the economy 40 years ago whilst Vietnam did it 20 years back. Since then, Vietnam followed every footstep that China did in entering WTO, privatizing state-owned enterprises, and opening up the financial markets. In terms of growth rate, Vietnam took over China in 2018 with its GDP expanding at 7.1%. It is widely expected that Vietnam will continue to grow faster than China in 2019 and 2020.
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