Nomura International Revises Vietnam's GDP Growth to 4.9 per cent This Yr
Nomura International, one of the biggest Japanese financial groups, has just revised Vietnam’s GDP growth rate to 4.9 per cent from earlier 4 per cent this year thanks to the country’s improving economic indicators released by the government recently.
The report released by Nomura July 3, highlighted Vietnam’s GDP growth of 4.5 per cent in the second quarter from 3.1 per cent in the first three months, driven by industrial production and services.
The government’s appropriate fiscal and monetary policies, along with the subsidized lending program launched in early Feb, have all helped spur the economy, the report said.
The Japanese group also raised the nation’s economic growth forecast for 2010 to 6.4 per cent from 6 per cent.
The government of Vietnam is struggling to achieve GDP growth of 5 per cent and cap inflation at 7 per cent-8 per cent in 2009. (Vietnam Economic Times)
Vietnamese
