VN named among top 29 fastest growing economies

The result was released recently by Business Insider, a New York-based business/entertainment website, using the World Bank’s semi-annual Global Economic Prospects report.  

Vietnam relies heavily on exports, with garments, crude oil, rice and machinery being major export items.

The Business Insider list also includes six other countries in Southeast Asia, 16 in Africa, three in central Asia, two in Latin America and one in the Middle East.

Among the listed countries, nine are dependent on exports of crude oil, five on gold and diamond, five on farm produce, while five other economies are driven by tourism services.

Only three countries are in the group of 20 industrialised and emerging countries (G-20).

Mr. Andrew Burns, a WB official, warned developing countries of the difficult times ahead, as the world economy is not out of the woods yet./.