| Miêu tả |
After a slowdown period during the East Asian crisis, Vietnam is again growing quite strongly. This improvement is partly due to a series of policy measures that put the economy on an enhanced medium-term growth path. Confidence in the private sector was boosted by the adoption of a detailed reform program in 2001. New private businesses are currently being established at a rate of 1,600 per month, and in early-2002 a special meeting of the Party Central
Committee gave the strongest endorsement of the private sector ever. Investors are reacting positively to the reform announcements and commitments made by Vietnam. The country is getting better grades from sovereign risk rating agencies and the macroeconomic situation is stable. Despite an unfavorable external environment, in terms of demand and prices, exports can be expected to pick up as a result of trade liberalization efforts, including the Vietnam-US bilateral trade agreement. Strong economic growth is also associated with an external debt at a
very manageable level.
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| Báo cáo |
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