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Update news Le Xuan Nghia
Injecting money in non-core business fields, experimenting in real estate projects, and having a bad financial foundation are the three most significant risks facing the business environment in Vietnam.
Vietnam should not continue to try to become an industrial power and instead should shift to developing agriculture and tourism, according to economist Le Xuan Nghia, head of the Business Development Institute (BDI).
The World Bank has estimated that by 2030, nearly one-fifth of Vietnamese will enter old age and around 40 percent of the population aged 70-74 will still have to work, mostly in the unofficial labor market.
VietNamNet Bridge - Investors have repeatedly voiced their concern about Vietnam’s public debt which has been increasing rapidly, and about the national default risk, according to Le Xuan Nghia, head of the Business Development Institute (BDI).