Daunting economic challenges face Vietnam | Asia Pacific

Daunting economic challenges face Vietnam

Daunting economic challenges face Vietnam

Updated 15 February 2013, 21:44 AEST

Prime Minister Nguyen Tan Dung has set a range of ambitious targets for Vietnam's economy.

The government is facing a raft of challenges to get the economy into better shape.

Tens of thousands of small business closures, a burst property bubble and high unemployment are causing a wave of gloom across the nation.

Vietnam's GDP growth of just five per cent last year, was the lowest in over ten years, while corruption scandals have alarmed foreign investors.

Quick action on reform and corruption will be as important as some of the measures taken recently to turn the tide.

Correspondent: Karon Snowdon

Speaker: Katrina Ell, associate economist, Moody's Analytics

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