WTO membership and the ASEAN economic integration in ---- should give Vietnam greater access to both foreign markets and capital, while making Vietnamese enterprises stronger through increased foreign competition. The government has continued to move forward with market reforms, including privatisation of state-owned enterprises, addressing the high level of bad loans in the banking sector as well as liberalising the banking sector. ...WTO membership and the ASEAN economic integration in ---- should give Vietnam greater access to both foreign markets and capital, while making Vietnamese enterprises stronger through increased foreign competition. The government has continued to move forward with market reforms, including privatisation of state-owned enterprises, addressing the high level of bad loans in the banking sector as well as liberalising the banking sector. Urbanisation will continue to be a long-term growth driver. ...Urbanisation will continue to be a long-term growth driver. The UN forecasts the urban population rising from -- of the population in ---- to more than -- by the early ----s.
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...Vietnam still suffers from bloated fiscal deficits, leaving the economy vulnerable to global economic uncertainties. The fiscal deficit is dominated by substantial spending on social subsidies that could be difficult to withdraw. ...Vietnam still suffers from bloated fiscal deficits, leaving the economy vulnerable to global economic uncertainties. The fiscal deficit is dominated by substantial spending on social subsidies that could be difficult to withdraw. The country relies heavily on imported inputs for its export and manufacturing sectors. ...The country relies heavily on imported inputs for its export and manufacturing sectors. This could undermine its export competitiveness and make the economy more vulnerable to currency volatility.
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