Industrial Expansion To Continue

February 2008
Asia Monitor: South East Asia Monitor Volume 1;Feb2008, Vol. 19 Issue 2, p4
Country Report
The article discusses the economic outlook in Vietnam in 2008. The author inferred that GDP growth of above 8% will lead the way for the country's industrial expansion in 2008 despite rising cost pressures on the back of high inflation. The inflation is expected to rise towards 15% as Tet lunar new year celebrations in February approaches, leading to possible monetary tightening. However, the author believed that the U.S. economic crisis could put the country's textile industry under pressure.


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