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.
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Source: AsiaFruit magazine
Publication date: June 2010
