Vietnam May have ZERO growth
According to the Economist's Economic Intelligence Unit, Vietnam may have 0.3% economic growth this year. That makes a lot of sense given what is going on in the rest of the world. But it is certainly a slap in the face to Standard Chartered's 5% growth estimate, and official Vietnamese government assertions that things would soon get better.
At a conference in Hanoi this week, estimates were all over the map. But all agreed that the government estimates were too high. A lack of reliable and timely data was one reason reported for a lack of consistency in estimates.
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