Vietnam is back on track and set for strong growth

The Vietnamese economy grew rapidly from 1995 to mid-2008 on the back of China-style free market reforms which have lifted exports and foreign investment, and brought a big reduction in poverty levels. Vietnam’s progress has been interrupted since mid-2008 by domestic overheating and the global financial meltdown, but a major credit expansion has now got its economy moving forward again. We expect that GDP growth will stay strong over the long run.