Positive Signs for the Vietnam Economy

Despite continued high inflation, government data show Vietnam’s economy is showing signs of improvment: high export value and production; and more foreign visitors and investors.

Exports for the first two thirds of 2011 are up 34% to $61 billion and likely to reach $89 billion this year compared to $72 billion in 2010 — helping stabilize the exchange rate and foreign currency reserves.

Industrial production also in growing impressively at an 11% rate, foreign investment is on pace to exceed $11 billion in 2011, and foreign visitors are up 18% so far this year to 4 million.

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