Vietnam’s real GDP growth may reach 6.3 pct: American magazine

The report on Vietnam’s economic situation by American Markets and Researchs on April 1 raised its growth forecast for real gross domestic product (GDP) of Vietnam in 2011 from 5.5 percent to 6.3 percent thanks to efficient economic activity in the fourth quarter of 2010.

The report said that the real GDP growth rate of Vietnam has been higher than expected, reaching 6.8 percent in 2010, mainly due to the performance of the construction sector. Fiscal deficit of Vietnam has reduced from 6.6 percent of GDP in 2009 to 4.7 percent in 2010.

However, the report also warned that rising inflation pressures, trade deficits and fiscal imbalances are still challenges threatening the macroeconomic stability of Vietnam in the coming months.

In addition, the increase in prices of fuel and food prices also is a threat for the rising burden of government subsidies in 2011

Tags: Vietnam economic, Vietnam economy, Vietnam GDP, Vietnam GDP 2011

Posted by VBN on Apr 4 2011. Filed under Economy News, GDP. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry