Macroeconomic Forecast Vietnam

November 2004 | Macroeconomic Forecasts

BMI are forecasting growth this year of 7.4% and 7.6% in 2005. To increase growth over the longer term the government needs to do more to improve the country's business operating environment. Central will be Vietnam's entry into the World Trade Organisation. Vietnam had originally given itself a deadline of January 1 2005, however this date now appears highly unlikely to be met. As a result, the US will continue to impose textile quotas on Vietnam after January 1 2005, when the Multifibre Arrangement (MFA) - the system that governs global textile trade quotas - expires.

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