Vietnam’s 2009 GDP Forecasted to Grow 5.5%

By Son Nguyen

The World Bank is forecasting Vietnam’s GDP to grow to 5.5% fueled by Vietnam’s quick ascent as the low-cost manufacturing leader in Asia. The Vietnam government has also incorporated a stimulus package of 143,000bn dong ($8bn, €5.7bn, £4.9bn) to combat the downturn in the global economy. There are mixed opinions on the future of Asian exports in general, but Vietnam is poised to add value to the right organization regardless of what the economy does.

Is Vietnam the right country to explore as a potential country to expand operations in? What is the logistics infrastructure like? Are there tax incentives for setting up operations there? What are the geo-political ramifications? Waymark can assist your organization in answering these questions specifically for your organization. Contact Us to see if Vietnam, or other Asia-Pacific landscapes are right for your organization.