Vietnam economy is a market economy which depends much on exports, and projects on FDI. The economy ranks sixth in Southeast Asia, and fifty-seventh in the global market. Vietnam is one of developing countries with fast growth rate, about 7% per year.
With the population of over 90 million of people, Vietnam is one of the fastest developing economy in Southeast Asia and in the world. The average Vietnam GDP is about 320.7 billion of dollars, equal to annual growth rate of about 5 percent.
Vietnam socio economic policy ensures a fast and sustainable development in the country, creating a harmony among growth targets, macroeconomic stability and social security.
According to the Foreign Investment Agency and Ministry of Planning and Investment, until November 2014, FDI in Vietnam increases 9,407 valid projects with the total registered capital of 138.5 billion dollars processing and manufacturing industry.
Overall, in middle term, according to the assessment of experts, Vietnam GDP growth rate will remain at a modest level. And, the stable status of macro-economy will be improved. Vietnam economy 2015 will be more sustainable than that in 2014.
In 2015, Vietnam South Africa trade relation is predicted to be more strengthened with high turnover of export. All fields if economy and politics will create favorable conditions for both Vietnam and countries in southern Africa to develop.
In the framework of the official visit to Vietnam, on January 21 afternoon, Danish Minister of Trade and Development Cooperation, Mr. Mogens Jensen had a meeting with journalists in Ho Chi Minh City about Vietnam Denmark trade cooperation development.
In the framework of the official visit to Australia, on March 18, Prime Minister Nguyen Tan Dung met seniors of Australia to discuss about Comprehensive Vietnam - Australia cooperation in many fields such as human resource and economic sectors.