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Vietnam’s economy predicted to grow faster
Vietnam will see a sharp growth rate in GDP in the 2010-2011 period, says the Economist Intelligence Unit (EIU).
According to the world’s leading economic advisory firm, despite the challenges that Vietnam will have to face in the next two years, its long-term economic prospects remain positive.
The recovery of the world’s economy, which will have positive impact on the country’s exports, will also, in turn, help Vietnam overcome the negative effects of the global economic crisis.
In addition, increasing imports in recent times have shown that investment and consumption demand has been bolstered.
EIU, however, warned that pressure regarding budget deficits and inflation is still haunting the stability of the national economy.
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