Vietnam – May 2021
Vietnam’s transformation in the early 1990s toward a market-based economy ushered in a period of strong growth and attracted significant foreign investment. Continued economic liberalisation, anchored by several international trade deals, has fostered a strengthening in the business climate, which outperforms other emerging Asian countries. Growth is higher than regional peers, a trend that is expected to continue. Creditworthiness is better than emerging Asian peers. But per capita incomes continue to lag the regional average.
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 and is the five-year average between 2021 and 2025 as provided by the IMF. Annual GDP growth is the five-year average between 2021 and 2025. Business climate is measured by the World Bank’s latest 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 regional countries.