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VIETNAM'S CAPITAL SPENDING GAINS.
(From Market - Asia Pacific)
Overall private sector expenditure is poised for growth this year, but the upswing in capital spending will easily outpace that of households. Vietnam's membership in ASEAN and pending WTO membership will contribute to sustainable industrial growth. However, equipment and infrastructure upgrades are urgently needed in order to remain competitive. Industrial equipment orders should experience year-on-year growth of 15 to 20 percent through the first half of this year, with higher gains noted in the textile and petroleum sectors
Double-digit growth in foreign investment will contribute to increased expenditure on construction of new production plants and expansion of existing facilities. Engineering and contracting firms specializing in industrial projects will see their sales rise by more than 15 percent this year. Sales of construction materials and fixtures associated with industrial expansion projects should also rise more than ...
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