Vietnamese True GDP reveals a robust economy that shows a strong tendency to keep growing. The Vietnamese economy did not seem to be affected by the U.S. and European Banking Crisis on 2008.
The Vietnamese economy hit a peak Q3 2013 of GW$15.22 billion. The economy took a breather, hitting a recent low Q1 2014 falling -7.4% falling at the rate of -14.2% to the sum of GW$1.13 billion.
Since then, True GDP has grown 3.6% growing at the yearly rate of 7.7% over two quarters.
With 20 years of GDP and cash exchange rate data, measured by quarters, the Vietnamese economy has grown 66.2% of the time and has shrunk 33.8% of the time.
The longest growth streak lasted nine quarters between Q3 1995 and Q3 1997. The longest decline stretch lasted seven quarters between Q1 2011 and Q3 2011.
Vietnam appears to be the shining gem of ASEAN.
The Market Vectors Vietnam ETF hit a peak in Q3 2009 at GW$3.96 and hit a low in Q4 2012 of GW$1.46 having fallen -63.2% and at the yearly rate of -27.0% over a bit more than three years. Since hitting the low, the ETF has risen 7.3%, crawling at the yearly rate of 0.3%.
ABOUT THE ASEAN
The Association of Southeast Asian Nations (ASEAN) is a political and economic organisation of ten Southeast Asia countries. The six biggest economies comprise the ASEAN SIX — Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam. The remaining four countries are Brunei, Cambodia, Laos, and Burma.
With more than US$2.3 trillion combined GDP, ASEAN ranks as the seventh largest economy behind the US, China, Japan, Germany, France and the United Kingdom. ASEAN has more than 600 million (8.8% of the world's population).
ASEAN FREE TRADE
ASEAN has free trade agreements (FTA) with China Japan, India, Australia, New Zealand, and , Korea. ASEAN-India bilateral trade crossed the $70 billion target in 2012.
The ASEAN Capital Markets Forum (ACMF) seeks to integrate the stock markets of Malaysia, Vietnam, Indonesia, Philippines, Thailand and Singapore; harmonize commercial standards; and harmonize commercial regulation.
The ASEAN Single Aslviation Market (ASEAN-SAM) is an effort to establish a unified aviation market by 2015. Already, there is visa-free travel for citizens of ASEAN countries.