Vietnam’s economic problem temporary, Hong Kong newspaper says

Vietnam’s economy would not face a financial crisis and problem in the economy was temporary, Hong Kong’s newspaper Shangbao said, citing international economists’ opinions.

With the current situation, the target to subdue inflation to 20 percent this year was hardly to realise, said Wang Qing Bo, Director of the Bank of China Ho Chi Minh City branch. However, he said, other economy-related norms like prices and stock markets have seen positive changes.

Meanwhile, Vice President of Moody’s Thomas J. Byrne attributed trade deficit and high inflation in Vietnam to escalating food prices. Many signs showed that troubles in running Vietnam’s economy were temporary and in the coming time, Vietnam would make positive changes, he said.

VNA

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