Economy / Vietnam
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Macroeconomic Forecast Vietnam
September 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: 2006 will be a year of slowdown for the Vietnamese economy, to 7.6% from 8.4% in 2005, as high inflation and slightly moderating global demand weigh. This is still, however, extremely strong growth. In the medium term, although Vietnam is already one of the fastest growing countries in Asia, averaging 7.5% real growth for the past five years, with the right policy mix and improved governance, it could grow even faster. Corruption is the most high profile problem but it is not the only factor deterring foreigners from making investments in Vietnam. The legal system needs to be