Vietnam is a booming economy since 1990 and it's growing even faster over the year. When compared to the region of South East Asia, Vietnam has been in the lead of GDP growth since 1995 until now. Despite the worldwide financial crisis of 2008, Vietnam is still among the highest growth economies in the area: (source) However, please note that highest growth rate DOES NOT … [Read more...] about Long Waits Could Hurt Economy
Housing Prices in Vietnam: A “Bubble”?
If you have lived in Vietnam recently, you must have noticed the feverish growing of the asset prices in Vietnam. The housing price has been rising ever since I was in Vietnam in 2001. I have no data for Vietnam, but here is the US house prices as an eye candy: Since the 2008 recession in the US is believed to be the result of a sub-prime mortgage crisis, many people are … [Read more...] about Housing Prices in Vietnam: A “Bubble”?
Trade Deficit in Vietnam: Good or Bad?
If you read my last article, you will notice that Vietnam's trade deficit is on the rise for the past 5 years. Furthermore, the growth seems to be exponential rather than a constant level. What does this mean? Are Vietnamese spending too much instead of saving? Is Vietnam's economy unstable and will collapse in the near future? Let us take a closer look at some statistics to … [Read more...] about Trade Deficit in Vietnam: Good or Bad?
Buying and Selling with Vietnam
Vietnamese economy is among the fastest growing economies in the new millennium - average 6.5% within the last 10 years (source: CIA Factbook). Industries are gradually shifting away from agriculture productions and more into manufacturing and services: (source: EU Trade Commission - click for large size) Also, GDP per capita has been growing and is currently at its highest … [Read more...] about Buying and Selling with Vietnam
Hanoi Under Water: Understanding Flood Problem in Vietnam
For those of you who do not live in Vietnam at the moment, a heavy rain fell on Hanoi since yesterday 7/13/10 at 8am lasted for 3 hours and left the 1000-years-old city submerged in 0.5 meter of water. Many businesses are on hold, all your favorite street restaurants are taking losses, people postpone their daily trips, and kids paddle their mini-boats through town with … [Read more...] about Hanoi Under Water: Understanding Flood Problem in Vietnam