.::. Indicators in The First Six Months of 2010 | Total Population | 85 million | | GDP | 6.5% - 7% | | Investments capital | Up 36.5% | | Industrial Value | Up 13.8% | | Total Exports | USD 31.2 billion | | Total Imports | USD 38.9 billion |
(Source: MPI, 2010 Socio-Economic Plan, June 2010) .::. Vietnam comes through crisis better than others Updated report of World Bank (June report) on Vietnamese economy confirmed that Vietnam has come through the global crisis better than other countries. It is because the government's determination in countering with economic changes on time. Vietnamese government did not spend much time to adjust administration policies. The big demand stimulus package (that was launched last year) along with and tax reduction and exemption policies and drastic credit growth successfully helped promote the domestic demand and maintain the economic development. Especially, the export of goods and services still accounted for 67 percent of GDP right after the crisis in 2009, WB said. The report also showed that Vietnam could do better than that if information disclosure and exchange is better. Factually, Vietnam needs a quick move in policy administration for sudden changes. Reportedly, Vietnam's 2009 GFP grew by 5.3 percent, particularly 6.9 percent in Q4. Also in Q1 of 2010, the growth was posted at 5.8 percent, leading the assessment that the economic growth is slowing down.Vietnam's inflation reduced from 19.9 percent of 2008 to 6.5 percent last year. Since the year early, monthly CPI increase is still at modest level, citing the report. Source: World Bank on Vietnamese economy [14/06/2010] |
