Irving, Texas (PRWEB) December 10, 2012
The Vietnamese economy is expected to experience good growth during 2012-2017 and reach an estimated $206.2 billion at the current prices in 2017 with a CAGR of 6.68% over the next five years.
Lucintel, a leading global management consulting and market research firm, has performed PESTLE analysis of Vietnam and offers its findings in its comprehensive research report, "PESTLE Analysis of Vietnam 2012."
Vietnam underwent major economic reforms and has privatized a majority of its sectors such as telecom, electricity, etc. Although economic growth of the country contracted in 2009 in the wake of economic crisis, recovery was impressive during 2010-2011 due to huge government stimulus packages and higher export growth and FDI inflows.
Lucintel’s research indicates that the country’s loose monetary policy has resulted in macro economic imbalances which still persist. Its current policy agenda is to increase the share of technology and human capital in its economic growth. Corruption in Vietnam is quite high as compared to India, China, Malaysia, and the US. Vietnam has been enjoying a stable government among the other East Asian countries with the Communist Party Vietnam (CPV) ruling since 1930, which makes it an ideal destination for foreign investors. Vietnam has good political and trade relations with other countries. Exports and import oriented enterprises benefit from Vietnam’s good international relations.
Lucintel’s market research report indicates that the Vietnamese economy is expected to slow down in 2012 due to a slowdown in the exports to the big markets such as EU and the US. The manufacturing sector is expected to ramp up its production in 2013 with the strengthening of Vietnamese goods in the international markets due to global recovery. Private consumption will be a major driver of economic growth during 2012-2017. Private consumption will be driven by the improvement in the labor market and increase in wages.
This report studies the political, economical, sociological, technological, legal and environmental analysis of Vietnam. The report also covers Vietnam's SWOT analysis and recent economic policy analysis. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com.
Lucintel provides market research reports, strategic growth consulting and due diligence services to clients around the world.