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Saturday, 6 October 2012

Unit 4: Economic Development - Vietnam

High inflation threatens Vietnamese growth

Vietnam has been coined Little China by some who have lauded their fast growth and development in recent years. But high inflation and property bubbles and a growing problem of non-performing loans and fragile banks threatens to derail progress. This short news report looks at the economic situation in Vietnam and includes pictures of a huge infrastructure project linking Vietnam and China - financed by the Japanese




Questions for discussion:

Is inflation inevitable when you grow at such a quick pace?



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