are common. According to Ralph Jennings, Vietnam has been privatizing many of its state-owned operations to reduce corruption and increase efficiency. As of March 2018, Vietnam's economy continued to grow, achieving the best annual growth rate in over a decade; which has led media outlets to speculate if in the near future it could be one of the Asian tigers. According to DBS Bank in 2019, Vietnam's economy has the potential to grow at a pace of about 6%-6.5% by 2029. Vietnam can overpower Singapore's economy by the next decade because of its strong foreign investment inflow and productivity growth. However, Vietnam has surpassed Singapore just a year later. In the early 2020s, despite trade wars with Vietnam's major trade partners, a pandemic and the increasing trend in deglobalisation, Vietnam has still managed to become Asia's top-performing economy. Since 2000, Vietnam has now managed to manufacture higher-value goods with better paying jobs due to its more highly skilled workers. These workers now produce electronics which makes up 38% (in 2020) of Vietnam's exports (compared to 14% in 2010). The country had achieved an average of 6.2% in economic growth (faster than any other country in Asia after China). Data The following table shows the main economic indicators in 1990–2020 (with IMF staff stimtates in 2021–2027). Inflation below 5% is in green. Economic sectors Agriculture, fishery and forestry In 2003, Vietnam produced an estimated 30.7 million cubic meters of wood. Production of sawn wood was a more modest 2,950 cubic meters. In 1992, in response to dwindling forests, Vietnam imposed a ban on the export of logs and raw timber. In 1997, the ban was extended to all timber products except wooden artifacts. During the 1990s, Vietnam began to reclaim land for forests with a tree-planting program. Vietnam's fishing industry, which has abundant resources given the country's long coastline and extensive network of rivers and lakes, has generally experienced moderate growth. In 2003, the total catch was about 2.6 million tons. However, seafood exports increased fourfold between 1990 and 2002 to more than US$2 billion, driven in part by shrimp farms in the South and "catfish", which are a different species from their American counterparts, but are marketed in the United States under the same name. By selling vast quantities of shrimp and catfish to the U.S., Vietnam triggered antidumping complaints by the U.S., which imposed tariffs in the case of