VIETNAM’S ECONOMIC EBBS AND FLOWS
The Cat Ba nestled in the island’s hills, part of Vietnam’s key tourism industry, Dec 2008. Wikimedia Commons
By Suiwah Leung
East Asia Forum-Dec 25
With world GDP growth initially predicted to peak at 3.1 per cent in 2018, the year looked to hold much economic promise for Vietnam. This held true initially, with first quarter real GDP expanding by almost 7.4 per cent, boosted by strong export growth in manufacturing and agriculture. The service sector also saw robust growth in domestic demand and tourism. But global conditions became more worrying and uncertain as the year progressed, particularly with the continued structural slowdown in China and threat of a US–China trade war.
First published in: East Asia Forum