World Bank
Viet Nam


Jakub Dmitruk

Cite as

Topic: Means to overcome debt burden on developing country

Country: Vietnam

Committee: World Bank

Vietnam, also known as Socialist Republic of Vietnam is one of the fastest

economically growing country in the world. Since 1990s Vietnam has grew about 7% per year

which is second globally only after China. 30 years ago Vietnam was one of the poorest

countries in the world. However after the government adopted “Doi Moi”, which was a series

of economic and political reforms that steered the country to becoming a “socialist-oriented

market economy”, Vietnam’s economy is flourishing like it never had before. This is all

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