VIETNAM – Growing domestic demand has been a saving grace for Vietnam’s economy during the recent global downturn, and similar trends towards self-reliance are emerging in the fruit business.
Make no mistake: the global financial crisis had a true negative impact on Vietnam’s economy. A review of 2009 by market research firm TNS Vietnam shows that while GDP rose 5.32 per cent, exports fell by 10 per cent, FDI dropped by a whopping 70 per cent and tourism slumped by 14 per cent.
Source: AsiaFruit magazine
Publication date: June 2010Also interesting to read: