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Is Vietnam swimming naked?
Date: 7/26/2019 10:23:38 AM
Vietnam’s economy has benefitted from a redirection of FDI from China due to a combination of rising wages in China, a shrinking domestic labour force and trade tensions. With US$1.5 billion entering Vietnam every month, employment is full, poverty is declining and growth sits at a brisk 7 per cent. This could spark further reform aimed at addressing the low value-add still in many exporting industries and a weak domestic private sector. But cross-currents make deep reforms more difficult, in spite of a reform-oriented prime minister
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