Harvard University: Viet Nam among fastest-growing countries for coming decade
VGP - Viet Nam is projected to be among the fastest-growing economies to 2030, according to a conclusion of researchers at the Growth Lab at Harvard University who presented new growth projections in The Atlas of Economic Complexity.
The researchers provide the first detailed look at 2020 trade data, including major disruptions to tourism and transport vehicle exports from the global pandemic. As the effects of the pandemic dissipate, long-term growth is projected to take off between Asia, Eastern Europe, and East Africa.
Their research finds that countries that have diversified their production into more complex sectors, like Viet Nam and China, are those who will experience the fastest growth in the coming decade.
The Growth Lab researchers released new country rankings of the Economic Complexity Index (ECI), which captures the diversity and sophistication of the productive capabilities embedded in the exports of each country.
Viet Nam was named in the list of those developing economies that have made the greatest strides in improving their complexity (51st).
According to Harvard University, several Asian economies already hold the necessary economic complexity to drive the fastest growth over the coming decade, led by China, Cambodia, Viet Nam, Indonesia, Malaysia, and India.