This paper discusses Vietnam's economic situation today.
Written in 2007; 734 words; 6 sources; MLA; $ 26.95
Paper Summary:
The paper relates that since the enactment of Vietnam's "doi moi" policy for economic renovation in 1986, Vietnamese authorities have enacted structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. The paper discusses, however, how Vietnam faces several labor challenges including income disparity, inflation and an insufficient infrastructure. The paper presents recommendations for Vietnam's economic policies.
"Vietnam maintains a fairly even balance of trade with exports of $39.92 billion in 2006 and imports of $39.16 billion (The World Factbook). The industrial and construction sectors make up forty percent of Vietnam's economy. The service industry makes up another thirty-eight percent while agriculture makes up the remaining twenty-two percent. The growth rate of agriculture is slowing while the industrial and construction sectors are experiencing increased growth. Vietnam's economic expansion is large due to the exports of apparel to the United States which increase more than three times in 2003 over 2002. (Vietnam's economic growth accelerates, 2006)."
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