(VOV) – The British Economist Group’s Economist Intelligence Unit (EIU) has affirmed Vietnam’s promising prospects for economic growth following periods of difficulties. 

The EIU said after several years of achieving low economic growth, the Vietnamese economy has showed signs of recovery with increasing investment in the manufacturing sector. Although there remain shortcomings in terms of macro-economic instability, Vietnam’s competitive capacity has renewed optimism about its economic growth in 2014 thanks to a sharp rise in foreign direct investment and export turnover. The foreign-invested sector in Vietnam has continued to generate jobs with more FDI inflows in the electronics and assembly industry, helping Vietnam produce highly valued products. Vietnam has attracted many investors in the manufacturing sector for exports as the country has advantages over other nations in the region in terms of transport infrastructure, input materials and finished products. Vietnam also has a wide network of electricity supplies to provide power for 90 percent of its population. In the future, the Trans-Pacific Partnership (TPP) which involves the US and some Asia-Pacific nations will bring privileges to Vietnamese exporters, including easy access to high-income markets. With signs of improvement in manufacturing and business, as well as in the foreign invested sector, there is high hope about Vietnam’s economic growth in the next year despite risks which might be caused by bad debts in the banking sector.