Vietnam appears to be making significant progress in improving its economy and alleviating the suffering of its people. Economic analysts have noted that Vietnam’s stock exchange has grown significantly since it began 10 years ago, with the number of stocks growing from 2 to 586 to date, USA Today reports. Experts say the growth of the country’s stock market shows Vietnam is close to its goals of becoming a market-based economy. Vietnam also seems close to realizing goals related to poverty eradication. An Asian Development Bank official recently lauded the country’s efforts to fight poverty and suggested that its neighbors could learn from its experiences. ADB Vice President Lawrence Wood also commended Vietnam’s socio-economic achievements and expressed the ADB’s commitment to boosting its engagement in various development projects, Voice of Vietnam says.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.