VGP – Viet Nam’s macro-economic conditions remains relatively stable, according to the World Bank’s report.
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Inflation stood at a moderate rate of 6.7% in June 2013 while the exchange rate was stable over a long period of time.
The country’s foreign reserves rose significantly from 2.2 months of import cover at the end of first quarter of 2012 to 2.8 months at the end of first quarter of 2013.
Regarding export, the World Bank attributed the solid export growth to strong performance of foreign-invested sector. Specifically, the total export value rose by 16% in the first half of 2013 compared to the same period last year. Foreign invested sector accounts for 66% of Viet Nam total exports and grew by 25%.
The international credit institution said Viet Nam’s FDI (implemented)/GDP ratio declined from a record 11.8% in 2008 to about 7.7% in the first half of this year.
However, Viet Nam remains one of the most popular destinations for expansion within the ASEAN region according to ASEAN Business Outlook Survey by AmCham and Singapore Business Federation.
For near-term outlook, the World Bank forecasts that the Vietnamese economy would expand at a moderate rate of around 5.3% during 2013 and 5.4% next year./.
Đăng ký: VietNam News
