Emerging Economies
By Nguyen Ngoc Son,
Ambassador Socialist Republic of
Vietnam, Berne, Switzerland
Vietnam’s economy will continue to grow fast in 2008 and investments will bring returns of 20 percent this year, Citigroup forecast. Despite the slowdown of the U.S. economy, experts are still upbeat about Vietnam and China, which will be among the fastest growing economies in the world. Vietnam will have a GDP growth rate of 8.1 per cent in 2008, lower than the rate forecast earlier by international organizations, still much higher than the average growth of 5.0 percent in Asia.
