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ADB predicts Viet Nam's economy to expand rapidly
The Asian Development Bank (ADB) said that
In the Asian Development Outlook 2007 Update (ADO Update), which was released in Ha Noi on September 17, the bank said that the Southeast Asian nation’s growth accelerated in the January-June period at 7.9 percent, which is a half percentage point faster than a year ago.
ADB Deputy Country Director to
According to the ADB, nearly all the economic expansion in
The bank also said assuming that
Regarding the country’s inflation, the bank said the inflation rate has shown upward tendency, with 8.3 percent in 2005, 7.5 percent in 2006 and 7.3 percent in August 2007. The bank said that the inflation rate is a concern but not alarming. The inflation level is expected to be contained at 7.8 percent for 2007 and is expected to be reduced further to 6.8 percent in 2008.
According to ADB Country Director to Viet Nam Ayumi Konishi, the situation is considered to be under control, although the relatively high level of inflation calls for the Vietnamese Government’s close attention.
“What is most important for
BVOM, September 18, 2007