VIETNAM ECONOMY - Japan's Jetro sees strong 2008 growth

Vietnam's economy will continue stronger growth and reduce inflation in
2008, according to a newly-announced report of Japan's Trade Promotion
Organisation (Jetro).

Jetro's annual report on East Asia's economic prospects 2008 also
forecast that Vietnam's GDP will reach 8.7%, up by 0.3% against 2007. On
the contrary, inflation will be reined at 8.1%. Domestic and foreign
investors all are expect a good prospect for the second year of
Vietnam's entry into WTO. Accordingly, scope of investment in 2008 will
increase by 10% compared to 2007. Export revenue will rise by 12% this
year against a year earlier. Industrial and production sector will post
a year-on-year increase of 10.8%.

Additionally, such sectors as trade, transport, tourism and real estate
are expected to continue an annual growth of 8.8%.

Jetro's report was conducted at 10 Asian economies including China,
Korea, Taiwan, Hong Kong, Singapore and five Asean countries including
Indonesia, Malaysia, Philippines, Thailand and Vietnam. The report also
forecast that in 2008 the whole Eastern Asia region will continue
reporting high growth of 8.2%, although being lower than 8.7% in 2007.
Although posting a lower growth compared to 2007, China is still
expected to maintain an impressive economic growth of 10.6%. Such
economies as Korea, Taiwan, Hong Kong and Singapore will post growth
rate of over 5%, and five Asean countries will sustain a growth of over
6%, higher than the figure of 2007 [ Nhan Dan].



	VIETNAM ECONOMY - Japan's Jetro sees strong 2008 growth

	Vietnam's economy will continue stronger growth and reduce inflation in 2008, according to a newly-announced report of Japan's Trade Promotion Organisation (Jetro). Jetro's annual report on East Asia's economic prospects 2008 also forecast that Vietnam's GDP will reach 8.7%, up by 0.3% against 2007. On the contrary, inflation will be reined at 8.1%. Domestic and foreign investors all are expect a good prospect for the second year of Vietnam's entry into WTO. Accordingly, scope of investment in 2008 will increase by 10% compared to 2007. Export revenue will rise by 12% this year against a year earlier. Industrial and production sector will post a year-on-year increase of 10.8%. Additionally, such sectors as trade, transport, tourism and real estate are expected to continue an annual growth of 8.8%. Jetro's report was conducted at 10 Asian economies including China, Korea, Taiwan, Hong Kong, Singapore and five Asean countries including Indonesia, Malaysia, Philippines, Thailand and Vietnam. The report also forecast that in 2008 the whole Eastern Asia region will continue reporting high growth of 8.2%, although being lower than 8.7% in 2007. Although posting a lower growth compared to 2007, China is still expected to maintain an impressive economic growth of 10.6%. Such economies as Korea, Taiwan, Hong Kong and Singapore will post growth rate of over 5%, and five Asean countries will sustain a growth of over 6%, higher than the figure of 2007 [ Nhan Dan].

	Oliver Massmann International Attorney at Law

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