Vietnam trade deficit forecasted at $10bln in 2012: tai hui

According to forecast of Standard Chartered Bank, Vietnam will continue to face trade deficits of $10 billion in the coming year, Tai Hui, Regional Head of Research, South-East Asia told the local online newspaper Dau Tu Chung Khoan.

“I expect the first deposit interest rates reduction to occur within the second quarter of 2012 or a bit earlier, depending on inflation”, said Tai Hui, suggesting that the local government should only lower interest rates gradually.

“We [Standard Chartered] forecast Vietnam’s economic growth rates to stay at 6-6.5% in the coming year”, Tai Hui said, warning that global economic slowdown may negatively affect the economic growth of the country in 2012.

Source Sophie/ StoxPlus

Tags: Vietnam trade Deficit

Posted by VBN on Dec 24 2011. Filed under Economy News, Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry