Vietnam Aims to Grow Economy by 7 Percent in 2020
Vietnam's government is seeking to expand the country's economy by seven percent this year. The goal would be one of Vietnam's highest growth rates yet and could be greater than China's expected economic expansion in 2020.
The Vietnam-based financial services company SSI Research reported the goal on January third. The Vietnamese central government set a target for its Gross Domestic Product, or GDP, to increase 6.8 to seven percent. GDP represents the value of all goods and services produced within a country during one year.
SSI Research said the growth is expected to be driven by investments in manufacturing, a lack of trade disputes involving Vietnam and a rising middle class. Manufacturing is predicted to be the leading area of growth, followed closely by the service industry, SSI Research said.
The Asian Development Bank keeps economic data of Asian countries. Its information shows that a seven percent expansion rate would place Vietnam among the 10 fastest-growing Asian economies this year. It also would put Vietnam ahead of China. The development bank has predicted a six percent rate for China in 2020.
Song Seng Wun is an economist with CIMB, a banking group in Singapore. He told VOA that much of Vietnam's predicted growth in 2020 will come from money flowing into factories, offices and port operations.
Experts say foreign-supported manufacturing is expected to lead the country's economy in 2020, just as it has for the past seven years. Song said a lot of foreign investors like, what he calls, "government stability" in Vietnam. Pay for factory workers in Vietnam can also be low. They can receive as little as $132 a month.
Most of the investors come from Japan, Singapore, South Korea and Taiwan. The companies' Vietnamese factories produce things like clothing, car parts and electronics.
In the first half of 2019, foreign investment projects were expected to reach $9.1 billion. That would be a nearly eight percent increase over the same period in 2018. That information comes from the website of the Ministry of Planning and Investment.
Besides manufacturing, economic experts say tourism and improvements in higher education are also expected to increase growth.
Between 2010 and 2018, the number of foreign tourists in Vietnam increased from 5 million to more than 15 million. This growth was mainly fueled by an increase in Chinese visitors.
Economists say another driver of foreign investment in Vietnam is a rise in higher education enrollment. The percentage of Vietnamese receiving higher education has jumped from 10 to about 30 percent of the population since 2000.
Murray Hiebert is a Southeast Asia expert at the Center for Strategic and International Studies in Washington, D.C. He told VOA that education matters in Vietnam because investors want workers with stronger problem-solving skills. Such employees can work in technical positions or help lead local offices, Hiebert said.
The Boston Consulting Group predicts that more than one-third of Vietnam's 97 million people will be in, what is considered, the middle class by next year. Middle-class growth is fueled mainly by jobs created by manufacturing for export. As a result, many Vietnamese now have more money to spend on things like electronics, transportation, travel and education, the group said.
I'm Bryan Lynn.
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3.due to 由于
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build up 增进；加强
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for the first time 第一次
Streams had run dry for the first time in memory.
For the first time in my career, I was failing.
越南政府正谋求今年实现经济增长7% 。这一目标将让越南成为迄今为止经济增长率最高的国家之一，并有可能超过中国2020年的经济增长预期 。
总部位于越南额金融服务公司SSI Research公司1月3日报告了这一目标 。越南中央政府设定了国内生产总值增长到6.8%到7%的目标 。国内生产总值代表一个国家一年内生产的所有商品和服务的价值 。
越南SSI Research公司表示，这种增长预计将受到制造业投资、越南远离贸易争端以及中产阶级崛起的推动 。该公司表示，制造业预计将引领增长，紧随其后的是服务业 。
亚洲开发银行掌握着亚洲国家的经济数据 。该行的信息显示，7%的增长率将使越南成为亚洲增长最快的10个经济体之一 。这也将使越南领先于中国 。亚洲开发银行预计，2020年中国额经济增长率为6% 。
宋诚焕就职于一家新加坡银行机构——新加坡联昌国际银行 。他告诉美国之音，越南2020年大部分的预期增长将出自流入工厂、写字楼和港口运营的资金 。
专家表示，像过去的7年一样，外国支持的制造业有望在2020年引领该国经济 。宋诚焕表示，许多外国投资者中意于他所说的越南“政府稳定 。”越南工厂工人的工资也很低 。他们每个月的月薪只有132美元 。
大多数投资者来自于日本、新加坡、韩国和中国台湾 。这些公司的越南工厂生产服装、汽车零件和电子产品 。
2019年上半年，越南境内的外国投资项目预计将达到91亿美元 。这比2018年同期增长了近8% 。该信息来自于越南计划和投资部 。
在2010年到2018年期间，越南的外国游客数量从500万增加到1500多万 。这种增长主要来自于中国游客的增加 。
经济学家表示，越南吸引外国投资的另一个原因是高等教育入学率的上升 。自2000年以来，越南人接受高等教育的人数比例从10%跃升至30%左右 。
默里·希伯特是华盛顿特区战略与国际研究中心的东南亚专家 。他对美国之音表示，越南的教育很重要，因为投资者希望拥有解决问题能力更强的员工 。希伯特表示，这些员工可以胜任技术职务或是协助领导当地办事处 。
波士顿咨询集团预计，到明年越南9700万人口中超过三分之一将成为所谓的中产阶级 。中产阶级的增长主要受出口制造所创造的就业机会推动 。波士顿咨询集团表示，因此许多越南人现在有钱花在电子、交通、旅行和教育等领域 。