Strong Growth

May 2005
Asia Monitor: South East Asia Monitor Volume 1;May2005, Vol. 16 Issue 5, p1
Country Report
Country Report
The article presents information on Vietnam's economy. It grew by 7.7% in 2004, making it one of the fastest growing economies in the region. Vietnam's economy grew by 8.5% year on year in the final quarter of 2004, and by 7.7% for the year as a whole. The state-owned sector and the foreign-invested sector both accounted for 37% of the industrial production in Vietnam in 2004, while the private sector accounted for 26%, according to the latest data from the General Statistics Office. The government is also growing increasingly concerned for the outlook of the sector, because one of the requirements of entry into the World Trade Organization, is the opening of the service sector to foreign competition.


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