Steady Transformation

April 2006
Asia Monitor: South East Asia Monitor Volume 1;Apr2006, Vol. 17 Issue 4, p5
Country Report
Country Report
The article presents a growth forecast for Vietnam. Vietnam's economy is expected to remain strong and continue to achieve growth as it becomes more industrial. Transformation of economy away from agriculture will assist to minimize poverty. There are also forecasts about the major downside risks to Vietnam's growth. If Vietnam will be forced to remove tax-breaks for the export-manufacturing sector and restrict textile exports as demanded, problem with regards to membership to the World Trade Organization might arise. Second, growth prospects will be challenged if there's a rapid increase in oil prices. Third, an outbreak of the avian influenza would present a further downside risk to growth rates.


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