The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper reviews economic developments in Vietnam during 1992-96. Economic growth was recorded at 8-9 percent during 1992-94, rising to a 91/2 percent annual rate in 1995 and the first half of 1996. Investment has been rising steadily over the past few years, owing in part to foreign investment, which increased to 9 percent of GDP in 1995 and continued to rise strongly in 1996. Vietnam's foreign trade has also expanded and diversified rapidly, with both imports and exports growing at double-digit annual rates.