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Scrutiny
  
‘V’ stands for???
...Vietnam & vision!
06/09/2007

Despite the ravages of the Vietnam War, the country has apparently recovered and is creating quite a stir in the South-East Asia. Vietnam has made a name for itself as among the fastest growing economies of the world. With foreign investments having tripled & domestic savings having quadrupled, Vietnam is basking in the glory of success.

Over the years, it has shed much of its ideological idiosyncrasies and has taken a much more pragmatic approach for economic and social development. Yet not everything is rosy. The inflation rate also shot up to 7.5% per annum in 2006. Various other problems pertaining to this country are a downside, like huge mass of human resource (45.3 million workers in 2006), a relatively inferior education system & increasing incidence of usage of drugs. Social development thus has not kept pace with economic development. Moreover relations with countries like China have soured in the recent past over energy issues.

Thus, although Vietnam is on the path of progress, it has to tread cautiously as the climbing up the pyramid of growth would bring with it many tectonic shifts, which it has to handle cautiously. For non-economic progress should complement economic prosperity.

By:- B&E
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