Country Risk Summary: VIETNAM

May 2004
Asia Monitor: South East Asia Monitor Volume 1;May2004, Vol. 15 Issue 5, p4
Country Report
Country Report
The article presents economic conditions of Vietnam. Vietnam has reaffirmed its sovereignty over Spratly islands, one day after it announced it would start sending tourists to the disputed islands. Vietnam's economy grew by 7% in the first quarter of 2004. According to the General Statistics Office, economic growth was driven by the industry and construction sector which grew by 9.9% in the first quarter. Vietnam's domestic and foreign-owned garment factories may be hit by more textile quotas from the U.S. following the illegal trans-shipment of textiles to the U.S. from China.


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