What will the global economic tsunami wash upon Vietnam’s shores?
Whilst much of the world is in economic and financial turmoil, country after country being swallowed by the economic tsunami, Vietnam appears relatively calm. The calm before the storm, perhaps? There is much speculation over whether Vietnam will ride out the storm or be swept up in the global economic and financial tsunami. Some of Vietnam’s poorest are claiming they feel the effects already and some experts are predicting this could plunge millions of Vietnamese who recently rose above poverty thanks to rapid development and urbanization, back into poverty with the 12 million Vietnamese already living on less than 40 cents per day. Vietnam is certainly not immune to the global financial woes, but it’s not yet clear if or how Vietnam will be impacted. 15 January 2007 Ho Chi Minh City Insights into Vietnamese Consumers’ Finance management Visa and ACNielsen annouce findings about the first Personal Finance Monitor.Sampling an audience of social-economic classes A,B & C and some of the
