Vietnam Update
In the past year, according to the World Bank, Vietnam has seen improvements to its macroeconomic performance despite such growth being tempered by structural problems in the banking and state-owned enterprise (SOE) sectors. Further, the World Bank predicts that over the medium-term, growth will remain moderate if there are no major changes to the country’s financial and SOE sectors, said the Asia Briefing.
Also, according to Vietnam News on January 11, 2014, HSBC Bank released a report titled "2014: the Year of Exporters" which noted that the improved demand from the European Union (EU) and the U.S. would lift Vietnam’s exports in 2014, such as apparel and electronics, with exports projected to grow at 20% in 2014.