Tag Archive | "vietnam inflation 2010"

Dealing with inflation: cutting spending and working more

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Contrary to all predictions, small merchants have not raised prices in spite of input price increases. Instead, they are trying to deal with high inflation by cutting down expenses and doing more work. A Saigon Tiep Thi reporter went to Tan Son Nhat Market a few days ago to have his jeans repaired

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Dealing with inflation: cutting spending and working more

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making