Strong Growth Forecast, Risks Remain

January 2005
Asia Monitor: South East Asia Monitor Volume 1;Jan2005, Vol. 16 Issue 1, p4
Country Report
Country Report
The article presents information on economic conditions in Vitenam. Vietnam's economy will continue to enjoy strong growth throughout 2005. The economy grew by 8.0% year-on-year (y-o-y) in the third quarter, bringing growth for the first nine months of 2004 to 7.4% y-o-y, with full-year growth also forecast at 7.4%. Vietnam, Asia's third largest oil producer, is set to benefit from a higher oil price. Not only is this boosting demand for exports, but it is also providing a stimulus to government revenues. Inflation, fuelled by higher food and oil prices, reached 10.3% y-o-y in October 2004, and has now averaged 7.4% for the first 10 months of 2004.


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