Market Report, "Consumer Electronics in Vietnam", Published
In 2011, the Vietnamese economy shows signs of slowing down and instability. Soaring inflation, coupled with slower GDP growth, led to consumer electronics seeing slightly weaker retail volume sales growth compared to 2010. The further devaluation of the Vietnamese dong against the US dollar, together with increasing market maturity, also negatively affected performance. All of these factors contributed to consumers tightening their budgets, particularly those in the lower to middle income...
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