Macroeconomic Forecast Vietnam

May 2006 | Macroeconomic Forecasts

GDP is expected to moderate slightly to 8.1% this year, from 8.4% last year. This should, however, be cause for concern. Vietnam remains the second fastest growing country in Asia and can look forward to growth averaging around 8% for at least the next five years, provided the pace of reform is sustained. Domestic demand is going to be the main driver of GDP growth this year, with exports of furniture and clothing also adding support. In 2007, exports will play a larger role in growth as WTO membership eliminates quotas currently constraining Vietnamese

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