EIU forecasts Vietnam GDP to rise by 5.8% in 2012

Vietnam is possible to get gross domestic products (GDP) growth of 5.8% in 2012, Justin Wood ,the director of Economist Intelligence Unit (EIU) in the Southeast Asia area said, adding that the forecast is close to the country’s target of 6-6.5%.

The information was provided at the international conference on external economies with the theme “Journey to a New World” co-held by the Foreign Ministry and the Economist (UK) on Jan 11th, 2012 in Hanoi.

According to the EIU’s survey, China was the most attractive investment destination in previous years, followed by India and Vietnam.

In 2012, China continued to keep its position, followed by India, Indonesia and Vietnam,Justin Wood said, commenting that despite Vietnam was downgraded to the fourth position but the country’s future is quite bright.

The director of EIU said that 2012 will be a challenging year for the world economy, not only in Vietnam. Vietnam has planned big plans for its economic development. The country still needs to pursue macroeconomic stability story.

Source TEI/StoxPlus

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2012, Vietnam GDP 2012

Posted by VBN on Jan 13 2012. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry