Blog
Unit 4 Macro: Growth and Development in Vietnam
Geoff Riley
29th August 2013
This blog brings together study resources on growth and development issues for the emerging Vietnamese economy. After many years of rapid growth, the socialist-oriented transition economy is entering a slowdown phase with growth of less than 5% in part because the boom in cheap low-value added manufacturing built on low wages is hard to sustain. Other economists point to endemic inefficiency among state-owned enterprises as a key factor holding back potential growth in a country once described as "little China".
One bright spot is that Vietnam has surpassed Brazil to become the largest coffee exporter in the world.
Recent trends in real GDP growth and inflation for Vietnam
Sources of research and data:
World Bank - Vietnam
World Trade Organisation - Vietnam
Human Development Indicators for Vietnam
Linda Yueh - Vietnam Growth Slows Down (August 2013)
See also "Vietnam needs to find a new growth path" (BBC)
Justin Rowlatt visits Vietnam
Coffee beans perk up the Vietnamese economy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.