Ministry: Vietnam Economy to Be Stable in 2009, Regain Growth in 2010
The Vietnamese Ministry of Planning and Investment, a think tank of the government of Vietnam, has just completed a report, predicting that the national economy will be stable in 2009 and regain growth tempo in 2010.
In the context of the global turmoil, high inflation eats up achievements recorded by Vietnam in 2008 with GDP growth rate of 6.7 per cent, which leads to average annual GDP growth rate to 7.5 per cent between 2006 and 2008, the ministry said.
Next year, Vietnam’s economy will continue to bear bad impacts from the global crisis and 2008’s inflation and exports and investments will be most vulnerable, the ministry added.
Vietnam will continue to prioritize curbing inflation to single digit level in 2010 and expect to maintain GDP growth rate of over 7 per cent in 2009-2010, the ministry noted. (VietnamNet)
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