Vietnam: Reforms Needed

July 2004
Asia Monitor: South East Asia Monitor Volume 1;Jul2004, Vol. 15 Issue 7, p1
Country Report
Country Report
Vietnam was the second-fastest growing economy in East Asia in 2003 after China. Strong growth is forecast for 2004, although more reforms are needed to ensure sustainable long-term expansion. Vietnam grew by 7.2% in 2003, making it East Asia's best performing economy after China. Largely thanks to a recently agreed free-trade agreement with the US, trade in Vietnam grew by over 25% in 2003, and the country is set to record similarly strong growth this year. Vietnam's monetary policy also remains sound, with inflation below 5%.


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