UK magazine: Vietnam to grow 7.2% from 2011-2015

Vietnam’s real GDP growth is expected to average 7.2 percent a year in the 2011-15 period underpinned by strong growth in consumption, investment and exports, forecast the Economist Intelligence Unit (EIU) of the UK’s Economist magazine.

In its latest report, EIU also said that consumer price inflation will accelerate to a rate of 14.3 percent in 2011 compared with its previous forecast of 12.3 percent. The inflation will go down to an average of 7.8 percent a year in the 2012-2015 period.

The increasing inflation in 2011 reflected part of the reality that domestic prices are easily changed because of the moves of the international commodities market.

tuoitrenews, vna

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