Vietnam’s rapidly growing manufacturing sector shows that there are many things Nigeria is not doing right, hence the stagnation in its own manufacturing sector.
“Government needs to identify products in which we have comparative advantage and provide incentives for potential investors,” said Ede Dafinone, CEO of Sapele Integrated Industries Limited, exporters of crumb rubber.
Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia.
In 2012, Vietnam's nominal GDP reached US$138 billion, with a nominal GDP per capita of $1,527.
According to a December 2005 forecast by Goldman Sachs, the Vietnamese economy will become the world's 21st-largest by 2025, with an estimated nominal GDP of $436 billion and a nominal GDP per capita of $4,357.
According to a 2008 forecast by PricewaterhouseCoopers, Vietnam may be the fastest-growing of the world's emerging economies by 2025, with a potential growth rate of almost 10% per annum in real dollar terms.
In 2012, HSBC predicted that Vietnam's total GDP would surpass those of Norway, Singapore and Portugal by 2050.
Nigeria has a lot to learn from this country who was far behind Nigeria in 60s, 70s and 80s.
“Government needs to identify products in which we have comparative advantage and provide incentives for potential investors,” said Ede Dafinone, CEO of Sapele Integrated Industries Limited, exporters of crumb rubber.
Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia.
In 2012, Vietnam's nominal GDP reached US$138 billion, with a nominal GDP per capita of $1,527.
According to a December 2005 forecast by Goldman Sachs, the Vietnamese economy will become the world's 21st-largest by 2025, with an estimated nominal GDP of $436 billion and a nominal GDP per capita of $4,357.
According to a 2008 forecast by PricewaterhouseCoopers, Vietnam may be the fastest-growing of the world's emerging economies by 2025, with a potential growth rate of almost 10% per annum in real dollar terms.
In 2012, HSBC predicted that Vietnam's total GDP would surpass those of Norway, Singapore and Portugal by 2050.
Nigeria has a lot to learn from this country who was far behind Nigeria in 60s, 70s and 80s.
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