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challenges such as inflation and continuous currency devaluation. Lucintels research indicates that one of
the major challenges of Vietnam is the persistent trade deficit faced by the country. Vietnam recorded a
trade deficit of $9.84 in 2011. The increasing trade deficit has led to serious challenges in the country such
as increasing current account deficit, increasing fiscal deficit, and increasing public debt. Vietnam is highly
vulnerable to external shocks as the country is highly dependent on FDI for its economic growth.
Despite the shortcomings, the cheap labor and political stability makes Vietnam favorite destinations for
global investors. Vietnams labor costs rank the second lowest in Asia followed by Cambodia. Vietnam is one
of the fastest emerging economies of Southeast Asia which has shown a sustainable growth in the last five
years. The country is at an advantage in terms of its demographics, which support its continued growth in
domestic consumption. Approximately 70% of the total population is under 40 years of age which will be a
driver
of
consumer
spending
in
the
coming
years.
This unique report from Lucintel will provide you with valuable information, insights and tools needed to
identify new growth opportunities and operate your business successfully in this market. This report will save
hundreds of hours of your own personal research time and will significantly benefit you in expanding your
business in this market. In todays stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market
report fulfills this core need and is an indispensable reference guide for multinational materials suppliers,
product manufacturers, investors, executives, distributors, and many more that operate in this market.
Analysis on economic activity, investment environment, and trade structure of the country
Major industries in Vietnam and its contribution to GPD
Trends in savings, investments, and consumptions
Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well
Lucintels core competency is in market research and management consulting. In the last 14 years, Lucintel
has worked on hundreds of market and economic research studies. Lucintels market reports offer the
following benefits:
Enhance your global growth strategy with key economic and potential industry analysis
Fine-tune your business expansion planning and market development with analysis of domestic