Lucintel Evaluates Vietnam’s Business Environment: GDP to Reach US $206 Billion by 2017
Lucintel Evaluates Vietnam´s Business Environment: GDP to Reach US $206 Billion by 2017
Irving, Texas (PRWEB) February 16, 2013
Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia. The country is expected to witness good economic growth over the next five years. The real GDP of Vietnam is projected to reach US $206 billion by 2017, growing with a CAGR of 6.5%.
Lucintel, a leading global management consulting and market research firm, conducted a competitive analysis on various aspects of the country and presents its findings in “Vietnam Country Analysis 2012-2017: An Evaluation of Political, Social, Economic, and Business Risk.” The report gives a holistic view of the country from current and future perspectives.
Lucintel’s report provides an array of analytical inputs on the country’s performance and briefly discusses the political, social, economic, and business risk present in Vietnam. The analysis also considers the challenges Vietnam faces, including its persistent trade deficit. The increasing trade deficit has led to serious impacts such as increasing current account deficit, a growing fiscal deficit, and mounting public debt. Continuous depreciation of the Vietnamese currency, the dong, has led to higher debt repayments, which depletes the country´s foreign exchange reserve.
The report gives a brief description of the main drivers of the country. Vietnam´s geostrategic location adds an edge to its economy. Its ports and shipping industry offers potential as the country´s international trade grows. Vietnam has emerged as an important investment destination because of its enriched natural resources such as oil, gas, nuclear, and a wide range of exploitable deposits.
This industry research report provides a competitive benchmarking of the industries doing business in Vietnam. The study provides up-to-date information on the economic upheavals, social dynamics, political instability, industrial development, technological advancements, and the market entry strategy for doing business in this country.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, merger & acquisition and cost efficiency. To learn more, visit http://www.lucintel.com.
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