TITLE

Reforms Necessary To Sustain Growth

PUB. DATE
March 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Mar2005, Vol. 16 Issue 3, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article presents information about reforms necessary to sustain economic growth in Vietnam. After growing by 7.7% in 2004, Vietnam should be able to continue growing at around 7% over the medium term. BMI View: To achieve this target, the government will need to push ahead with important reforms, including providing greater encouragement to the private sector, and entry into the WTO, after it missed its own self-imposed deadline of January 1 2005. Vietnam continued to enjoy strong economic growth in 2004, with the economy growing by 7.7%. More progress needs to be made on developing Vietnam's private sector, which despite being the most dynamic sector of the economy, has had its growth stifled by a government that is still reluctant to allow private sector companies to compete on a level playing field with the state owned sector.
ACCESSION #
16606005

 

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