Once-isolated and among the poorest countries in the world, Vietnam has over the last three decades emerged as a manufacturing hub where multinational firms such as Intel, Samsung, Adidas and Nike have set up bases in.⁣ ⁣ Powered by manufacturing, economic growth in Vietnam jumped from 2.8% in 1986 — when reforms were introduced — to 7.1% last year. The Southeast Asian country recorded its strongest expansion in more than a decade in 2018 and was one of the fastest-growing economies in the world that year.⁣ ⁣ Vietnam's ability to continue thriving at a time when global growth is stagnating has not gone unnoticed. In recent years, the country's ability to maintain political stability in the midst of economic transformation is seen as a model for North Korea to follow.⁣ ⁣ Pyongyang has for years studied Vietnam's market reforms and their impact on political stability. Vietnam was also once isolated — much like North Korea is now — for invading Cambodia in 1978.⁣ And like the hermit nation, the Southeast Asian country has been ruled by the same political entity, the Communist Party of Vietnam, since its independence in 1945. ⁣ ⁣⁣ Learn all about Vietnam's economic transformation, and the viability of North Korea following in Vietnam's footsteps, at the link in CNBC's bio. ⁣ *⁣ ⁣ *⁣ *⁣ *⁣ *⁣ *⁣ *⁣ *⁣ #vietnam #vietnamese #northkorea #asia #economy #economics #reform #growth #independence #manufacturing #transformation #expansion #southeastasia #communism #worldbank #globalgrowth #cnbc #cnbcinternational

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CNBCのインスタグラム(cnbc) - 3月11日 20時00分


Once-isolated and among the poorest countries in the world, Vietnam has over the last three decades emerged as a manufacturing hub where multinational firms such as Intel, Samsung, Adidas and Nike have set up bases in.⁣

Powered by manufacturing, economic growth in Vietnam jumped from 2.8% in 1986 — when reforms were introduced — to 7.1% last year. The Southeast Asian country recorded its strongest expansion in more than a decade in 2018 and was one of the fastest-growing economies in the world that year.⁣

Vietnam's ability to continue thriving at a time when global growth is stagnating has not gone unnoticed. In recent years, the country's ability to maintain political stability in the midst of economic transformation is seen as a model for North Korea to follow.⁣

Pyongyang has for years studied Vietnam's market reforms and their impact on political stability. Vietnam was also once isolated — much like North Korea is now — for invading Cambodia in 1978.⁣ And like the hermit nation, the Southeast Asian country has been ruled by the same political entity, the Communist Party of Vietnam, since its independence in 1945. ⁣
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Learn all about Vietnam's economic transformation, and the viability of North Korea following in Vietnam's footsteps, at the link in CNBC's bio. ⁣
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#vietnam #vietnamese #northkorea #asia #economy #economics #reform #growth #independence #manufacturing #transformation #expansion #southeastasia #communism #worldbank #globalgrowth #cnbc #cnbcinternational


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