Vietnam : Recent Economic Developments

This paper reviews economic developments in Vietnam during 1992–96. Economic growth was recorded at 8–9 percent during 1992–94, rising to a 9½ percent annual rate in 1995 and the first half of 1996. Investment has been rising steadily over the past few years, owing in part to foreign investment, which increased to 9 percent of GDP in 1995 and continued to rise strongly in 1996. Vietnam's foreign trade has also expanded and diversified rapidly, with both imports and exports growing at double-digit annual rates.