Arab Today, arab today vietnam curbs inflation but gdp declines in 2012
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

Vietnam curbs inflation, but GDP declines in 2012

Arab Today, arab today

Arab Today, arab today Vietnam curbs inflation, but GDP declines in 2012

Hanoi - Xinhua

Vietnam has curbed inflation in 2012 to a single-digit level targeted by the government. The December CPI grew 6.81 percent year-on-year compared with 18.13 percent growth in the same period of last year, official figures showed. However the country\'s gross domestic product (GDP) growth therefore declined to 5.03 percent, below the expected goal of 5.2- 5.5 percent set by the government, and lower than last year\'s 5. 89 percent. Insiders said the lower consumer price index (CPI) was attributed to the government\'s efforts in strengthening price administration and stabilization. However, the average CPI for the whole year increased 9.21 percent over the average index of 2011. Prices of educational goods and services posted the highest increase of over 17 percent, followed by medicine and healthcare services with 16.34 percent rise. If the two groups are excluded, the country\'s CPI rose by only 3 percent throughout the year, according to the General Statistics Office (GSO). Meanwhile, insiders said although the GDP growth slowed down, it was acceptable as it gradually rose quarter by quarter amid the global economic downturn and efforts in curbing inflation and stabilizing the economy. Accordingly, the country\'s GDP rose by 4.64 percent in the first quarter, 4.8 percent in the second, 5.05 percent in the third, and 5.44 percent in the fourth quarter. Of the total GDP growth, the agricultural, forestry and seafood sector contributed 0.44 percent, the industry and construction sector with 1.89 percent, and the service sector with 2.7 percent. Experts predicted Vietnam\'s GDP to rise by 5.68 percent and inflation by 7.1 percent in 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vietnam curbs inflation but gdp declines in 2012 Arab Today, arab today vietnam curbs inflation but gdp declines in 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vietnam curbs inflation but gdp declines in 2012 Arab Today, arab today vietnam curbs inflation but gdp declines in 2012

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday