Vietnam Economic Times - July 2014
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To this year’s economic oudook, where the thinking is that the economy in general and trade activities in particular will have more opportunities than difficulties and challenges. Remarkably, after a long period of fluctuations between macro-economic instability and economic downturn, the economy has become more stable due to the government’s major efforts and international facilitation. Unfortunately, the ongoing territorial dispute with China will have some degree of impact on the economy. For this reason our Cover Story this month provides readers with an update on the performance of the economy during the first half of the year and projections for the year as a whole. We also ask analysts and stakeholders about the Vietnam-China economic relationship and what the possible gains and losses may be for Vietnam from the territorial dispute. Our Special Report this month touches upon a relatively new industry with rich potential in Vietnam: consumer finance. Despite the difficult economic climate, consumer finance is expected to continue its rapid upwards trajectory as the country’s young, affluent population become familiar with taking out loans and foreign players begin to express greater interest.
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