Investment and growth: A simple macroeconomic projection for 2001–10

Vietnam achieved an impressive growth in the last decade. But problems are lying ahead with regard to sustaining its high growth. The first round of growth in the early 1990s was fuelled by the unfettered production capacity (especially in agriculture and the private sector). But this source was a one-time shot. It ran out of steam by 1997 and another round of structural reforms was needed to uphold the momentum.