Vietnam in Denial Over Economic Woes  

Oleh:

Le, Long

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 171 no. 8 (Oct. 2008), page 45-48.
Topik: Vietnam; Denial; Economic Woes

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Vietnam is in trouble. At around 23% for the first nine months of 2008, the country’s inflation rate is at its highest level since 1991, when inflation hit 67%. The inflation rate jumped to a high of 28.3% in August from a high of 25.2% in May. Similarly, CPI has soured at more than 24% so far this year, whereas on average CPI from 2001-07 had stayed well below the country’s GDP growth rate. Inflation and higher prices have clearly started to undermine recent gains in poverty alleviation. Currently, the country’s social-insurance system only covers 11% of the workforce. The percentage of the population living on less than $1 a day is around 20%, or double what it was a year ago. Due in large part to inflation, the number of labor strikes by factory workers at mostly foreign-invested factories in Ho Chi Minh City has risen by more than 300% over the past two years, according to government statistics.

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