1. Vietnam
In 1986, the government implemented reforms and the economy was gradually transformed into a more open, market-oriented system. ... Government revenues were low, the fiscal deficit was large and persistent, and some areas were on the verge of famine. ... Competition with China is also a challenge for Vietnam. China as a member of the WTO and a rapidly growing economy is expected to attract an increasing amount of FDI, in 2000 FDI inflow into China reached US$ 47 billion while the FDI inflow into ASEAN 10 was US$ 12.9 billion; in 2002 FDI in China could amount US$ 50 billion. ... On the ot...
- Word Count: 2031
- Approx Pages: 8
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