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INSIGHTS

Vietnam Ready for New Spring in Security

Vietnam Ready for New Spring in Security
After strong sales growth for the first half of 2011, the Vietnamese security market was affected by national economic issues. However, experts remain optimistic about 2012, as opportunities abound.

After strong sales growth for the first half of 2011, the Vietnamese security market was affected by national economic issues. However, experts remain optimistic about 2012, as opportunities abound.

Vietnam is struggling with growing pains, as inflation and living costs climb. Both factors impair growth, with the national inflation rate reaching an all-time high of 23 percent in August 2011. “Foreign investment in real estate and construction projects have been placed on hold, as the government has imposed tighter restrictions on bank credit granted to investors,” said Phu Loc Nguyen, Director of Visco. Vietnam's inflation rate has been ...

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