Continued Economic Slowdown In 2009

December 2008
Asia Monitor: South East Asia Monitor Volume 1;Dec2008, Vol. 19 Issue 12, p1
Country Report
The article reports on the economic condition of Vietnam for 2008. It shows that the Vietnamese economy was rebounded due to a renewed momentum in the industrial sector where growth rose from 7.9% to 9.7% year-on-year, driven by the governments effort to boost exports to close the widening trade deficit. In addition, the country's economic outlook has been revised down to the 2009 growth forecast due to the deteriorating outlook for the export-focused manufacturing sector.


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