Financial Times FT.com

Rapid Vietnam growth 'likely to continue'

By Amy Kazmin in Bangkok

Published: January 4 2006 02:00 | Last updated: January 4 2006 02:00

Vietnam's economy is expec-ted to maintain rapid growth in the year ahead, after its gross domestic product last year expanded 8.45 per cent - the fastest pace of growth in nearly a decade.

Figures released by the General Statistics Office in Hanoi showed that a pick-up in domestic demand - driven by a wave of new investment by state enterprises - helped the communist-ruled country to withstand an expected slowdown in previously strong export growth last year.

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