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- Consistently high GDP growth; averaging +7.5%, 2000-2006
- Vietnam admitted to the WTO in Jan 2007. WTO admission will drive restructuring of SOE’s,transparency, and efficiency. These factors will drive domestic growth and consumption
- High levels of literacy (90%) and emphasis on education and hard work and savings
- Large and young population. 86MM people, median age 25 yrs old, 70% of population less than 35 years old
- Vietnam progressively seen as a desirable manufacturing alternative to China
- Rapidly growing middle class; GDP per capita in Saigon increased by 32% between 2000-2004, from US$1,365 to US$1,800 p.a.
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