Demand stimulus
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I. Reasons for Vietnam demand stimulus
Fragile Recovery Viet Nams economy showed the following stagnation signs, starting from 1997 due to weaknesses in the economic structure and competitiveness as well as negative effects of the regional and worldwide economic and financial crisises: GDP growth declined from 9.34% in 1996 to 8.2% in 1997 and 3.5% in 1998. Of the total demand structure, domestic consumption growth decreased from 8.92% to 5.72% and to 4.34% in 1996, 1997 and 1998 respectively. Similarly, FDI growth fell by 49% in 1997, by 16% in 1998 and by 59% in 1999, resulting in the fall of disbursed FDI by 40% in 1998 and 19% in 1999 in comparison with the previous year...