VIETNAM: Domestic Boost

October 2005
Asia Monitor: South East Asia Monitor Volume 1;Oct2005, Vol. 16 Issue 10, p1
Country Report
Country Report
The article presents information on the economic conditions in Vietnam. Vietnam is one of the fastest growing economies in Asia, clocking up growth rates around 7% for the past few years, including growth of 7.7% in 2004. Growth in the first half of 2005 was recorded at 7.6%. Breaking down the figures for the first half of 2005, on the activity side, the industrial sector provided the main contribution to growth. Accounting for almost 50% of gross domestic product growth in the first half of the year, industry and construction grew 9.5% in the first half of 2005, although this was slower than the 10.6% recorded during the same period of 2004.


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