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?
IMF
Vietnam vs. US in the most current recession
Those of us who are currently residing in the US know that the American financial crisis had led the US and a major part of the European continent into a major recession - largest since the Great Depression of the 1929-1933. The 2007 recession started in the 4th quarter of 2007 until the 3rd quarter of 2009 - 18 months total. This recession brought about an approximately 10% … [Read more...] about Vietnam vs. US in the most current recession
IMF May Revise GDP Growth Estimate Upward for Vietnam
Vietnam’s gross domestic product expanded 5.8 percent in the third quarter from a year earlier, up from 4.5 percent in the previous three months, according to figures this week from the General Statistics Office in Hanoi. The government is targeting growth of at least 5 percent for the year. The International Monetary Fund (IMF) revised growth for 2009 to 4.6 percent as … [Read more...] about IMF May Revise GDP Growth Estimate Upward for Vietnam