September 30, Japan’s Mizuho Financial Group will invest big time in a major Vietnamese bank, Vietcombank, all in an effort to profit off Vietnam’s explosive economic growth.

Even officials with the U.S. bank Citigroup is amazed at how well Vietnam’s economy is doing.

Currently Vietnam’s GDP is at 6.11%.  Very good, but less than their 2010 GDP, which was 7.18%.  The annual GDP for the U.S. is stagnating between 1% and 2%!

The down side to Vietnam’s explosive growth, is that most Vietnamese are being left behind in the dust of poverty.  Fast economic growth comes with the paradox of increased poverty, because most of the quick profits end up in the pockets of the few (and they do not trickle it down).