(VOVworld) – Vietnam has all the opportunities it needs to be a success story, according to an article entitled “Whether Vietnam will become a new tiger economy in Asia”, published this week in Russia’s finance and economics online newspaper, vestifinance.ru.

The article says opportunities are all presented to drive Vietnam's economy forward. (Photo: VNA)

Vietnam’s achievements in attracting foreign investment in the past 7 years have created a solid foundation for its rapid, sustainable development. The article said that if Vietnam can attain its annual growth rate of 7% in the next 10 years, it will be on the same path to success as the other tiger economies. Even if growth drops to 4%, Vietnam will be in the same position as other world middle-ranked economies such as Brazil and Thailand.

Geographical location and a younger population are also factors to Vietnam’s advantage. Its open trade and investment policies, which have been in place since 1990, are the keys to winning investors’ trust.

According to the article, Vietnam is facing barriers on its development path but has taken significant steps towards achieving its growth targets.