The real power of Vietnam’s economyVietNamNet Bridge - Economic growth based on natural resource exploitation and a cheap labor force has reached the critical point. Vietnam’s nominal GDP value in 2016 was $198 billion, while GDP in PPP was $595 billion. Commenting about the ranking, Le Dang Doanh, a renowned economist said: “It would be better not to equate the ranking with the real power of the Vietnam economy. “So, how can we explain the predicted high 5.1 percent growth rate?” Trinh questioned. If Vietnam economy continues growing at the current rate, by 2030, the CO2 emissions will be about 1 billion tons.

Source: VietNamNet News March 28, 2017 09:00 UTC