The urbanisation rate in Viet Nam has grown from 30 per cent in 2007 to 40 per cent in 2017, according to Singapore-based United Morning Post.

In an article about Viet Nam’s economic reform and hosting of APEC Year 2017, the newspaper cited data demonstrating the country’s progress since the beginning of reforms in 1986.

Viet Nam’s growth rate was 2.79 per cent in 1986, soared to 7.36 per cent three years later and now consistently hovers around 7 per cent.

The paper said by hosting the APEC 2017 Economic Leaders’ Week in Da Nang, Viet Nam introduced a dynamic city to international friends.

Da Nang is a small image of Viet Nam, reflecting the achievements the country has obtained from reforms and economic integration in the past 10 years, it noted.

The article also pointed to a number of challenges facing ViEt Nam, such as uneven socio-economic development, outdated infrastructure, corruption, and inflation. In conclusion, it attributed the country’s robust growth to its progress in regional and global integration.

Since 1990, Viet Nam has become members of the Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation (APEC) and the World Trade Organisation (WTO). — VNS