Description

Vietnam's GDP growth declined in 2012. Government efforts to revive growth include increased lending and implementation of reforms. Vietnam has set a target of becoming an industrialized nation by 2020. Manufacturing, and information and communication technology (ICT) sectors are expected to play a key role in Vietnam’s transition to an industrialized nation. Foreign investment in infrastructure is expected to rise, however slow implementation of structural reforms could affect investor sentiment. Rise in working age and middle class population, and increasing disposable income are expected to support growth during the forecast period.