Viet Nam is considered a bright spot among emerging markets together with Hungary, Romania, Poland and the Czech Republic with its high and stable growth rate, according a recent article posted in the UK’s Financial Times.

The article said the Southeast Asian nation’s 2014 economic growth was well above its average growth for the five years prior. From 2008-2014, Viet Nam’s economy increased by nearly 40% of the gross domestic product (GDP), doubling Poland’s rate. Meanwhile, Romani, the Czech Republic and Hungary saw no rise during the period.

Saigon Port (Photo: VNA)

The article cited market forecasts of Consensus Economics as saying that Viet Nam’s economy could reach a growth rate of 6.1% in 2015 and 6.2% in 2016.

The Asian Development Bank (ADB) forecast Viet Nam’s economic growth in 2015 will be 6.5% and 6.6% in 2016, respectively.

However, the article pointed out risks the market is facing such as its loose monetary policy, inflation and the nation’s banking system bad debt ratio reaching up to 15 percent of GDP.

(Source: VNA)