Arab Today, arab today vietnam to achieve 55 gdp growth in 2013
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

Vietnam to achieve 5.5% GDP growth in 2013

Arab Today, arab today

Arab Today, arab today Vietnam to achieve 5.5% GDP growth in 2013

Hanoi - XINHIA

Vietnam is expected to achieve a 5.5 percent expansion of Gross Domestic Product (GDP) in 2013, according to the Hongkong and Sanghai Banking Corporation (HSBC) in its report on Vietnam\'s macro economy released on Monday. HSBC said that after a tough year of 2012, Vietnam\'s economy has started off on a better foundation, and the Prime Minister\'s approval of the master plan on economic restructuring in 2013-2020 period showed a reform mind-set, Vietnam\'s state-run news agency reported. It said a commitment to price stability over growth is considered positive and should be maintained, but concrete steps to increase efficiency of the economy are still needed. The deleveraging process continues to weaken demand, it said, adding that the Purchasing Managers Index declined, but inflation slowed and the trade account was in surplus in February. According to the report, while concrete actions to improve the efficiency and accountability of the state sector are missing, what\'s commendable is the willingness to gradually wean off the state-owned enterprises (SOEs). HSBC\'s economists held that the approval of the 2013-2020 master plan, which focuses on restructuring public investment, credit organizations and SOEs, is considered positive in that the government acknowledges the fundamental challenges facing the economy. However, they said, as in the cases of other reforms promised in 2012, it lacks details about implementation. Meanwhile, HSBC experts believed that Vietnam is indeed making steady progress in building the foundations for more reform, taking the restrained support for inefficient enterprises in recent years as one example, and the stability of inflation and key economic indicators including the trade balance and the foreign reserves as another. As such, when it comes to monitoring the country\'s progress, evidence of achievement and commitment is more important than promises, they said.  

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 to achieve 55 gdp growth in 2013 Arab Today, arab today vietnam to achieve 55 gdp growth in 2013

 



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 to achieve 55 gdp growth in 2013 Arab Today, arab today vietnam to achieve 55 gdp growth in 2013

 



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