Vietnam’s GDP could reach 8.2 percent by 2010

Goldman Sachs Group – a leading financial and banking institution from the US has released a report on update Vietnam’s economy with GDP forecast to reach 5.1 percent this year.

The figure is expected to reach 8.2 percent by 2010. According to the Group, the Vietnam’s economy’s recovery in the second quarter of this year resulted from a substantial increase in domestic demand. Thanks to the government’s stimulus package and looser monetary policies, Vietnam has coped with the negative impact from the global financial crisis better than most.

The report also pointed out challenges that Vietnam’s economy will face in the near future including possible inflation and the balance of payments deficit. However, Goldman Sachs believed the Vietnamese government will be fully capable of controlling any balance of related risks payment.

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