Vietnam ScorecardJanuary 17, 2013
As part of this year’s Global Innovation Barometer, GE’s Global Market Intelligence team created a scoring model to rank Vietnam on certain factors inherent to its specific government, business and educational environments that impact the level of innovation there.
Though Vietnam continues to see economic growth at a relatively decent pace for a second-tier emerging market, recent growth has been at the weakest levels since 1999.
This weakness can be attributed to a slowdown in export growth, a phenomenon not seen in other regional players suggesting domestic issues are causing this competitive imbalance.
A cycle of high inflation leading to interest rate expansion has led to corporate debt issues, with firms unwilling or unable to pay back loans at the bloated rates.