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Vietnam Country profile

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January 2019

Vietnam’s transformation in the early 1990s toward a market-based economy ushered in a period of strong growth and attracted significant interest from foreign investors. Growth has remained above 6% since 2015 and is forecast to stay elevated. Creditworthiness is on par with the regional average. But per capita income remains less than half the regional average, while Vietnam’s business climate is more challenging.

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This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.